Part B Jojo Company had the following transactions involving current assets and current liabilities during February 2021. Feb 3 Collected accounts receivable of RM15,000. 7 Purchased equipment for RM23,000 cash. 14 Paid accounts payable of RM12,000. 18 Declared cash dividends, RM4,000. The dividend will be paid next month. Additional information: As of 1* February 2021 current assets were RM120,000 and current liabilities were RM40,000. Required: 1) Compute the current ratio as of the beginning of the month. a mark) 2) Compute the current ratio after evaluating the effect of each transaction (Consider the effect of each transaction continuously). Did Jojo Company's current ratio improve, deteriorate, or hold steady after each transaction? Show detailed workings to support your answer (Round your answer to 2 decimal points). 16 marks)