Saved Help s Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 6 3 24 20 23 45 Assume that the following events occurred in the following quarter. a. Paid $30 cash for additional inventory. b. Issued additional shares of common stock for $20 in cash. c. Purchased equipment for $170; paid $60 in cash and signed a note to pay the remaining $110 in two years. d. Signed a short-term note to borrow $10 cash. e Conducted negotiations to purchase a sawmill, which is expected to cost $36. 7-a. Use your response to part 6 to calculate Edward Allen's current ratio after the transactions listed in (a)-(e). (Round your answer 2 decimal places.) Current ratio after the transactions (a)-(e)