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Assume current assets totaled $46,000 and the current ratio was 1.2 before the following independent transactions: (1) Purchased merchandise for $12,000 on short-term credit. (2) Purchased a delivery truck for $28,000. paid $8,000 cash and signed a two-year interest-bearing note for the balance. Required: Compute the current ratio after each transaction. (Round your final answers to 2 decimal places.) Transaction Current Ratio 1.71 1.47 (2)