The Sports Authority, Inc., is the country's largest private full-line sporting goods retailer. Stores are operated under four brand names: Sports Authority, Gart Sports, Oshman's, and Sportmart. Assume one of the Sports Authority stores reported current assets of $83,000 and its current ratio was 1.40. Assume that the following transactions were completed: (1) paid $5,400 on accounts payable, (2) purchased a delivery truck for $9,100 cash, (3) wrote off a bad account receivable for $2,800 (Allowance Method), and (4) paid previously declared dividends in the amount of $25,000. Required: Compute the updated current ratio. (Round your intermediate calculations and final answers to 2 decimal places.) Current ratio Transaction (1) Transaction (2) Transaction (3) Transaction (4)