E13.9 Analyzing the Impact of Selected Transactions on the Current Ratio LO 13-6 Assume current...
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E13.9 Analyzing the Impact of Selected Transactions on the Current Ratio LO 13-6 Assume current assets totaled $50,000 and the current ratio was 1.2 before the following transactions: (1) Purchased merchandise for $9,000 on short-term credit. (2) Purchased a delivery truck for $27,000. paid $7,000 cash and signed a two-year interest-bearing note for the balance. Required: Compute the current ratio ofter each transaction. (Round your final answers to 2 decimal places.) Transaction Current Ratio (2)
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