Blossom Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $10,000. 7 Purchased equipment for $24,000 cash. 11 Paid $2,000 for a 1-year insurance policy. 14 Paid accounts payable of $11,000. 18 Declared cash dividends of $4,000. Additional information: As of February 1, 2025, current assets were $120,000 and current liabilities were $30,000. 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 :1 Feb. 3 Feb. 7 :1 Additional information: As of February 1, 2025, current assets were $120,000 and current liabilities were $30,000. 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 ratio as of February 1, 2025 Feb. 3 1 :1 Feb. 7 Feb. 11 Feb. 14 Feb. 18 eTextbook and Media Save for Later :1 :1 :1 :1 Attempts: 0 of 3 used Submit