Halifax Fisheries Inc. began the month of March with $780,000 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 $88,000 of merchandise on account. (The company uses a perpetual inventory system.) 11 Sold merchandise that cost $74,000 for $128,000. 15 Collected a $32,000 account receivable. 17 Paid a $34,000 account payable. 19 Wrote off a $16,000 bad debt against Allowance for Doubtful Accounts. 24 Declared a $2.75 per share cash dividend on the 43,000 outstanding common shares. 28 Paid the dividend declared on March 24 . 29 Borrowed $100,000 by giving the bank a 30 -day, 20 note. 30 Borrowed $130,000 by signing a long-term secured note. 31 Used the $230,000 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.)