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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 Collected accounts receivable of $14,100. 7 Purchased equipment

Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020.

Feb. 3 Collected accounts receivable of $14,100.
7 Purchased equipment for $27,200 cash.
11 Paid $2,200 for a 1-year insurance policy.
14 Paid accounts payable of $11,300.
18 Declared cash dividends, $5,200.

Additional information:

As of February 1, 2020, current assets were $132,340, and current liabilities were $50,900.

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 enter the current ratio rounded to 2 decimal places :1
February 3 enter the current ratio rounded to 2 decimal places :1
February 7 enter the current ratio rounded to 2 decimal places :1
February 11 enter the current ratio rounded to 2 decimal places :1
February 14 enter the current ratio rounded to 2 decimal places :1
February 18 enter the current ratio rounded to 2 decimal places :1

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