e Bult Problems A company has current assets that total $544,000 has a current ratio of 160, and uses the perpetual inventory method. Assume that the following transactions are then completed: (1) sold $12.900 in merchandise on short-term credit for $16.800, (2) declared but did not pay dividends of $60,000. (3) paid prepaid rent in the amount of $12,000, (4) paid previously declared dividends in the amount of $60,000. (5) collected an account receivable in the amount of $12.900, and (6) reclassified $49.000 of long-term debt as a current ability : Compute the updated current ratio after each transaction, by showirty the cumulative effects of the transactions in the following table (Round your answers to 2 decimal places.) Current Ratio Transaction (1) Transaction (2) Transaction Transaction (4) Transaction() Transaction 15) 14 etv 80 3 58 DU 85 FP : : A ) 2 # 3 $ 4 % 5 6 & 7 8 9 0 R W R T Y U 1 OP S D F G H J L Z C V 00 N M