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Additional information: As of February 1, 2025, current assets were $136,500 and current liabilities were $32,500, Compute the current ratio as of the beginning of

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Additional information: As of February 1, 2025, current assets were $136,500 and current liabilities were $32,500, Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places eg 1.83:1 ) Current Attempt in Progress Wildhorse Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb.3 Collected accounts receivable of $15,200. 7 Purchased equipment for $32,500 cash. 11 Paid $2,000 for a 1-year insurance policy. 14 Paid accounts payable of $14,000. 18 Declared cash dividends of $6,900 Additionat information: As of February 1, 2025, current assets were $136,500 and current liabilities were $32,500. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal ploces, eg. 1.83: 1.) Current ratio as of February 1.2025 Feb. 3

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