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Assume current assets totaled $57,000 and the current ratio was 1.2 before the following independent...

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Accounting

Assume current assets totaled $57,000 and the current ratio was 1.2 before the following independent transactions:

(1) Purchased merchandise for $6,000 on short-term credit.

(2) Purchased a delivery truck for $29,000. paid $3,000 cash and signed a two-year interest-bearing note for the balance.

Required:

Compute the current ratio after each transaction.

Transaction current ratio
1) ?
2) ?

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