Exercise 9-8 Larkspur, Inc. had the following transactions involving current assets and current liabilities during February 2017. Feb. 3 Collected accounts receivable of $10,400. 7 Purchased equipment for $42,900 cash. 11 Paid $4,800 for a 1-year insurance policy. 14 Paid accounts payable of $13,400. 18 Declared cash dividends, $6,700. Additional information: As of February 1, 2017, current assets were $133,500 and current liabilities were $35,500. 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 Feb. 1, 2017 Feb. 3 Feb. 7 :1 1 Feb. 11 Feb. 14 Feb. 18 1 Click if you would like to Show Work for this question: Open Show Work