Ivanhoe Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $10,300. 7 Purchased equipment for $33,000 cash. 11 Paid $3,500 for a 1-year insurance policy. 14 Paid accounts payable of $14,400. 18 Declared cash dividends of $7,000. Additional information: As of February 1, 2025, current assets were $128,700 and current liabilities were $33.000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, eg. 1.83:1) Current ratio as of February 1, 2025 3.90 :1 Feb. 3 3.9 :1 Feb. 7 2.9 1 Feb. 11. 2.9 :1 Feb. 14 4.4 :1 Feb. 18 3.18 :1