Exercise 13-8 Teal Mountain Inc. had the following transactions involving current assets and current liabilities during February 2019. Feb. 3 Collected accounts receivable of $13,100. 7 Purchased equipment for $39,000 cash. 11 Paid $2,100 for a 1-year insurance policy 14 Paid accounts payable of $13,200. 18 Declared cash dividends, $8,900 Additional information: As of February 1, 2019, current assets were $128,800 and current liabilities were $31,900. Compute the current ratio as of the beginning of the month and after each transaction. (Round all answers to 2 decimal places, e.g. 1.83 1.) Current ratio as of February 1, 2014 Feb. 3 Feb. 7 Feb. 11 Feb. 14 Feb. 18