In its most recent annual report, Appalachian Beverages reported current assets of $45,000 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $5,600 on account and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two-year promissory note for the balance.

Required:

Compute the updated current ratio after each transaction. (Round your answers to 2 decimal places.)

	Current Ratio
Transaction (1)
Transaction (2)