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ment FULL CALCULATOR BESSACE HYRCIO Tamarisk, Inc. had the following transactions involving current assets and current liabilities during February 2017. Feb. 3 Collected accounts receivable
ment FULL CALCULATOR BESSACE HYRCIO Tamarisk, Inc. had the following transactions involving current assets and current liabilities during February 2017. Feb. 3 Collected accounts receivable of $14,600. 7 Purchased equipment for $43,900 cash. 11 Paid $6,000 for a 1-year insurance policy. 14 Paid accounts payable of $13,000. 18 Declared cash dividends, $7,400. Additional information: As of February 1, 2017, current assets were $126,400 and current liabilities were $34,500 Compute the current ratio as of the beginning of the month and after each transaction. (Round all answers to 2 decimal places, Current ratio as of Feb. 1, 2017 :1 Feb. 3 :1 :1 Feb. 7 Feb. 11 Feb. 14 :1 Feb. 18 Click if you would like to Show Work for this question: Open Show Work earch
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