Halifax Fisheries Inc. began the month of March with $761,000 of current assets, a current ratio of 2.5 to 1, and a quick ratio of 1.1 to 1. During the month, it completed the following transactions:

Mar.		6		Bought $86,100 of merchandise on account. (The company uses a perpetual inventory system.)
		11		Sold merchandise that cost 70,200 for $118,500.
		15		Collected a 30,100 account receivable.
		17		Paid a $32,100 account payable.
		19		Wrote off a $14,100 bad debt against Allowance for Doubtful Accounts.
		24		Declared a $1.80 per share cash dividend on the 41,100 outstanding common shares.
		28		Paid the dividend declared on March 24.
		29		Borrowed $90,500 by giving the bank a 30-day, 10% note.
		30		Borrowed $111,000 by signing a long-term secured note.
		31		Used the $201,500 proceeds of the notes to buy additional machinery.

Required: Prepare a schedule showing Halifax Fisheries Inc.s current ratio, quick ratio, and working capital after each of the transactions. (Round ratios to 2 decimal places and other final answers to nearest whole dollar.)

Check my work 1 Halifax Fisheries Inc. began the month of March with $761,000 of current assets, a current ratio of 2.5 to 1, and a quick ratio of 1.1 to 1. During the month, it completed the following transactions: 10 points eBook Mar. 6 Bought $86,100 of merchandise on account. (The company uses a perpetual inventory system.) 11 Sold merchandise that cost 70,200 for $118,500. 15 Collected a 30,100 account receivable. 17 Paid a $32,100 account payable. 19 Wrote off a $14,100 bad debt against Allowance for Doubtful Accounts. 24 Declared a $1.80 per share cash dividend on the 41,100 outstanding common shares. 28 Paid the dividend declared on March 24. 29 Borrowed $90,500 by giving the bank a 30-day, 10% note. 30 Borrowed $111,000 by signing a long-term secured note. 31 Used the $201,500 proceeds of the notes to buy additional machinery. Print References Required: Prepare a schedule showing Halifax Fisheries Inc.'s current ratio, quick ratio, and working capital after each of the transactions. (Round ratios to 2 decimal places and other final answers to nearest whole dollar.) Transaction Current Assets Quick Assets Current Liabilities Current Ratio Quick Ratio Working Capital Beginning Mar. 6 Bal. Mar. 11 Check my work 1 Transaction Current Assets Quick Assets Current Liabilities Current Ratio Quick Ratio Working Capital 1 1 Beginning Mar. 6 10 points Bal. 1 1 Mar. 11 eBook Bal. 1 Print 1 Mar. 15 References 1 1 Bal. Mar. 17 Bal. Mar. 19 1 1 Bal. 1 1 Mar. 24 Bal. 1 1 Mar. 28 Bal. 1 1 Mar. 29 Bal. 1 1 Check my work Ividl. 13 1 1 1 Bal. Mar. 17 Bal. Mar. 19 Bal. 1 10 points 1 1 1 eBook Mar. 24 1 :1 Print Bal. Mar. 28 MOOTTORINI References 1 1 1 1 Bal. Mar. 29 Bal. Mar. 30 Bal. Mar. 31 Bal 1 1 1 1