Keener Incorporated had the following transactions occur involving current assets and current liabilities during February 2017. Feb. 3 Accounts receivable of $14,100 are collected. 7 Equipment is purchased for $27,400 cash. 11 Paid $3,600 for a 1-year insurance policy. 14 Accounts payable of $12,400 are paid. 18 Cash dividends of $5,800 are declared. Additional information: 1. As of February 1, 2017, current assets were $130,200, and current liabilities were $50,400. 2. As of February 1, 2017, current assets included $14,600 of inventory and $2,100 of prepaid expenses. (a) Compute the current ratio as of the beginning of the month and after each transaction. (b) Compute the acid-test ratio as of the beginning of the month and after each transaction. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio Acid-test ratio February 1 Entry field with correct answer 2.6 :1 Entry field with incorrect answer :1 February 3 Entry field with incorrect answer 2.9 :1 Entry field with incorrect answer :1 February 7 Entry field with incorrect answer 3.4 :1 Entry field with incorrect answer :1 February 11 Entry field with incorrect answer 3.5 :1 Entry field with incorrect answer now contains modified data :1 February 14 Entry field with incorrect answer 4.6 :1 Entry field with incorrect answer :1 February 18 Entry field with incorrect answer 5.4 :1 Entry field with incorrect answer :1