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Pharoah incorporated had the following transactions imvolving current assets and current liabilities during February 2022. Feb.3 Collected accounts receivable of $16,000. 7 Purchased equipment for
Pharoah incorporated had the following transactions imvolving current assets and current liabilities during February 2022. Feb.3 Collected accounts receivable of $16,000. 7 Purchased equipment for $27,300 cash. 11 Paid $2.100 for a 1-year insurance policy. 14 Paid accounts payable of $11,900. 18 Declared coshdividends of $5.200 Additionalinformation: As of February 1; 2022, current assets were $133,380, and current liabilities were $49,400. Adoitionalintormation As of February 1, 2022. current assets were $133.360. and current labilities were $44.400 Compute the current ratio as of the begfining of the month and after esch tramdcion (Aound ontwes fo 2 decimal pixink es. 1.67 )
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