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Additional information: As of February 1, 2022, current assets were $129,492 and current liabilities were $39,600. Compute the current ratio as of the beginning
Additional information: As of February 1, 2022, current assets were $129,492 and current liabilities were $39,600. 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.) Current ratio as of February 1, 2022 Feb. 3 Feb. 7 Feb. 11 Feb. 14 Feb. 18 3.27 3.27 2.53 2.53 3.11 :1 :1 :1 :1 :1 :1
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
