A company has current assets that total $$500,000,$ has a current ratio of $2\mathrm{.}00,$ and uses the perpetual inventory method. Assume that the following transactions are then completed: $(1)$ sold $$12,000$ in merchandise on short$-$term credit for $$15,000,(2)$ declared but did not pay dividends of $$50,000,(3)$ paid prepaid rent in the amount of $$12,000,(4)$ paid

$7$

previously declared dividends in the amount of $$50,000,(5)$ collected an account receivable in the amount of $$12,000,$ and points $(6)$ reclassified $$40,000$ of long$-$term debt as a current liability.

Required:

Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[,\backslash$table$[[$Current$],[$Ratio$]]],[$Transaction $1,],[$Transaction $2,],[$Transaction $3,],[$Transaction $4,],[$Transaction $5,],[$Transaction $6,]]$