Question: Can someone help me with this question? In its most recent annual report, Appalachian Beverages reported current assets of $58,900 and a current ratio of

Can someone help me with this question?

In its most recent annual report, Appalachian Beverages reported current assets of $58,900 and a current ratio of 1.90. Assume that the following transactions were completed: (1) purchased merchandise for $6,100 on account and (2) purchased a delivery truck for $10,000, paying $2,000 cash and signing a two-year promissory note for the balance. Req uired: 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.) Transaction (1) Transaction (2)

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