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Current Attempt in Progress Blossom Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable
Current Attempt in Progress Blossom Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $15,800. 7 Purchased equipment for $35,500 cash. 11 Paid $5,400 for a 1-year insurance policy. 14 Paid accounts payable of $14,200. 18 Declared cash dividends of $5,800. Additional information: As of February 1, 2025, current assets were $134,900 and current liabilities were $35,500. 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 Feb. 11 :1 :1 MacBook All
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