Instructions Chapter 13 Question 3 (of 8) O Save & Exit Submi Time remaining: 1:33:23 12.50 points E13-11 Analyzing the Impact of Selected Transactions on the Current Ratio [LO 13.4, LO 13-5) In its most recent annual report, Appalachian Beverages reported current assets of $50.400 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $5,800 on account and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two- year promissory note for the balance 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.) Current Ratio Transaction (1) Transaction (2) Hints References eBook & Resources Check my work