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Pharoah Incorporated had the following transactions involving current assets and current liabilities during February 2022. Feb:3 Collected accounts receivable of $14,900. 7 Purchased equipment for

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Pharoah Incorporated had the following transactions involving current assets and current liabilities during February 2022. Feb:3 Collected accounts receivable of $14,900. 7 Purchased equipment for $27,400 cash. 11 Paid $3,800 for a 1-year insurance policy. 14 Paid accounts payable of $12,800. 18 Declared cash dividends of $4,200. As of February 1, 2022, current assets were $135,270, and current liabilities were $50,100. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, eg

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