The Ronnie Lee Company reported the following: Accounts payable $2,400 Inventory Cash 900 1,300 Long-term debt 8,500 Equipment 12,600 If the company purchased $600 of equipment, what is its current ratio after the transaction is recorded? Round your answer to two decimal places. The Butani Company had budgeted sales of $52,000 and budgeted production costs of $34,000. The company's actual results included sales of $45,000 and production costs of $32,000. Overall, the company performed O as expected. O worse than expected. O better than expected.