7:55 PM Sun Apr 16 Chapters 11 & 13 Homework education.wiley.com Question 25 of 27 < > 0.67/1 Sandhill Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $13,100. 7 Purchased equipment for $30,400 cash. 11 Paid $2,100 for a 1-year insurance policy. 14 Paid accounts payable of $13,200. 18 Declared cash dividends of $8,900. Additional information: As of February 1, 2025, current assets were $129,600 and current liabilities were $32,000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.g. 1.83: 1.) Current ratio as of February 1, 2025 Feb. 3 Feb. 7 Feb. 11 Feb. 14 Feb. 18 eTextbook and Media 4.05 :1 4.05 :1 3.1 :1 3.1 :1 4.6 :1 8.6 :1 2%