Tucker Technology has current asset of $350,000 and current ratio of 2.0. Compute Tucker's current ratio after the following 4 transactions are all finished. Borrow $20,000 in a short-term note....

Tucker Technology has current asset of $350,000 and current ratio of 2.0. Compute Tucker's current ratio after the following 4 transactions are all finished.

Borrow $20,000 in a short-term note.

Purchase $75,000 inventory on credit.

Collect $30,000 of accounts receivable.

Pay $20,000 of account payable.