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Current Attempt in Progress Ivanhoe Incorporated had the following transactions involving current assets and current liabilities during February 2027. Feb. 3 Collected accounts receivable
Current Attempt in Progress Ivanhoe Incorporated had the following transactions involving current assets and current liabilities during February 2027. Feb. 3 Collected accounts receivable of $10,300. 7 Purchased equipment for $34,230 cash. 11 Paid $3,500 for a 1-year insurance policy. 14 Paid accounts payable of $14,400. 18 Declared cash dividends of $7,000. Additional information: As of February 1, 2027, current assets were $128,770 and current liabilities were $32,600. 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 Feb. 1, 2027 :1 3 7 :1 :1 11 :1 14 :1 18 :1
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