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.LeBron's Kids Camps have a current ratio of 0.80 to 1. Based on current assets of $4 million and current liabilities of $5 million.

a-1. How if at all will a $510,000 cash purchase of inventory affects the current ratio?

The current ratio will _____

a-2. What would be the new current ratio? (Round your answer to 2 decimal places.)

Current ratio _____

b-1. How, if at all, will a $510,000 purchase of inventory on account affect the current ratio?

The current ratio will _____

b-2. What would be the new current ratio? (Round your answer to 2 decimal places.)

Current ratio _____

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