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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 7 11 14 18 Collected accounts receivable of

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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 7 11 14 18 Collected accounts receivable of $15,400. Purchased equipment for $28,200 cash. Paid $3,600 for a 1-year insurance policy. Paid accounts payable of $11,100. Declared cash dividends, $5,400. Additional information: As of February 1, 2020, current assets were $133,920, and current liabilities were $49,600. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.g. 1.67 Current ratio February 1 February 3 February 7 February 11 February 14 February 18

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