Halifax Fisheries Inc. began the month of March with $768,000 of current assets, a current ratio of 2.5 to 1, and an quick ratio of 1.1 to 1. During the month, it completed the following transactions:

Mar. 6	Bought $86,800 of merchandise on account. (The company uses a perpetual inventory system.)
11	Sold merchandise that cost $71,600 for $122,000.
15	Collected a $30,800 account receivable.
17	Paid a $32,800 account payable.
19	Wrote off a $14,800 bad debt against Allowance for Doubtful Accounts.
24	Declared a $2.15 per share cash dividend on the 41,800 outstanding common shares.
28	Paid the dividend declared on March 24.
29	Borrowed $94,000 by giving the bank a 30-day, 18% note.
30	Borrowed $118,000 by signing a long-term secured note.
31	Used the $212,000 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.)

Woraine Ass Liabilities Current Ratio Quick Ratio ch Beginning Mar 6 Bal Mar. 11 Bal Mar. 15 :1 :1 T 1:1 :1 :1 :1 Bal Mar. 17 Bal. Mar. 19 Bal Mar. 24 Bal. Mar. 28 Bal Mar. 29 Bal Mar. 30 Bal. Mar. 31 Bal 79522629_590100.jpg