SportChek is Canadas largest retailer of sporting goods and sports apparel and footwear, with over 130 stores across the country. Assume one of the SportChek stores reported current assets of $87,000 and its current ratio was 1.76. Assume that the following transactions were completed:

1. Paid $6,100 on accounts payable.
2. Purchased a delivery truck for $9,500 cash.
3. Wrote off a bad account receivable for $2,100.
4. Paid previously declared dividends in the amount of $24,000.

Required: Compute the updated current ratio. (Round your answers to 2 decimal places.)