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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 20 Feb.3 7 Collected accounts receivable of $14,300. Purchased equipment for
Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 20 Feb.3 7 Collected accounts receivable of $14,300. Purchased equipment for $27.500 cash. Paid $2.400 for a 1-year insurance policy Paid accounts payable of $12.200. Declared cash dividends. $4.900 14 18 Additional information As of February 1 2020 current assets were $132. 300, and current abilities were $49.000 Compute the current rations of the beginning of the month and after eachtraction (Round answers to 2 decimal places Current ratio
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