q3

Assume current assets totaled $61,000 and the current ratio was 1,2 before the following independent transactions: 1. Purchased merchandise for $13,000 on short-term credit. 2. Purchased a delivery truck for $21,000. Paid $7,000 cash and signed a two-year interest-bearing note for the balance. Required: Compute the current ratio after each independent transaction. Note: Round your answers to 2 decimal places