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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 7 11 Collected accounts receivable of $15.100. Purchased
Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 7 11 Collected accounts receivable of $15.100. Purchased equipment for $27.200 cash Paid $2,200 for a 1-year insurance policy. Paid accounts payable of $12,500. Declared cash dividends, $4.400. 14 18 Additional information: As of February 1, 2020, current assets were $130,520, and current liabilities were $50.200. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, eg 1.67.) Current ratio February 1 1 February 3 .1 February 7 1 February 11 .1 February 14 .1 February 18 .1
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