Halifax Fisheries Inc. began the month of March with $770,000 of current assets, a current ratio of 2.5 to 1, and a quick ratio of 11 to 1. During the month, it completed the following transactions: Mar. 6 Bought $87,000 of merchandise on account. (The company uses a perpetual inventory system.) 11 Sold merchandise that cost 72,000 for $123,000. 15 Collected a 31,000 account receivable. 17 Paid a $33,000 account payable. 19 Wrote off a $15,000 bad debt against Allowance for Doubtful Accounts. 24 Declared a $2.25 per share cash dividend on the 42,000 outstanding common shares. 28 Paid the dividend declared on March 24. 29 Borrowed $95,000 by giving the bank a 30-day, 19% note. 30 Borrowed $120,000 by signing a long-term secured note. 31 Used the $215,000 proceeds of the notes to buy additional machinery. Required: Prepare a schedule showing Halifax Fisheries Inc is 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 1 : 1 Beginning Mar 6 Bal. 1 : 1 Mar. 11 Bal. : 1 :1 Mar. 15 Bal : 1 Mar. 17 Bal Mar. 19 Bal : 1 Mar. 24 Bal : 1 : 1 Mar. 28 Bal. :1 : 1 Mar. 29 Bal. 1 1 Mar 30 Bal 1 Mar. 31 Bal. : 1