Ganesh Incorporated had the following transactions occur involving current assets and current liabilities during February 2012.

Feb. 3		Accounts receivable of $15,000 are collected.
7		Equipment is purchased for $28,000 cash.
11		Paid $3,000 for a 3-year insurance policy. (assume whole prepaid insurance as current asset.)
14		Accounts payable of $12,000 are paid.
18		Cash dividends of $5,000 are declared.

Additional information:

1.		As of February 1, 2012, current assets were $130,000, and current liabilities were $50,000.
2.		As of February 1, 2012, current assets included $15,000 of inventory and $2,000 of prepaid expenses.

1.		Compute the current ratio as of the beginning of the month and after each transaction.
2.		Compute the acid-test ratio as of the beginning of the month and after each transaction.