Metlock, Inc. had the following transactions involving current assets and current liabilities during February 2020.

Feb. 3 Collected accounts receivable of $17,600.

7 Purchased equipment for $28,200 cash.

11 Paid $4,700 for a 1-year insurance policy.

14 Paid accounts payable of $11,400.

18 Declared cash dividends, $8,200.

Additional information:

As of February 1, 2020, current assets were $131,500 and current liabilities were $34,500.

Compute the current ratio as of the beginning of the month and after each transaction