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Current Attempt in Progress Larkspur, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 7 11 Collected accounts
Current Attempt in Progress Larkspur, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 7 11 Collected accounts receivable of $17,500. Purchased equipment for $30,300 cash. Paid $2,900 for a 1-year insurance policy. Paid accounts payable of $14,700. Declared cash dividends, $4,600. 14 18 Additional information: As of February 1, 2022, current assets were $139,300 and current liabilities were $33,400. Compute the current ratio as of the beginning of the month and after each transaction (Round all answers to 2 decimal places, eg. 1.83 : 1.) Current ratio as of February 1, 2014 :1 Feb.3 :1 Feb. 7 :1 Feb. 11 :1 Feb. 14 :1 Feb. 18 :1
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