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Question 5 Marin Inc. had the following transactions involving current assets and current liabilities during February 2020 Feb. 3 Callected accaunts receivable ef $11,000. 7
Question 5 Marin Inc. had the following transactions involving current assets and current liabilities during February 2020 Feb. 3 Callected accaunts receivable ef $11,000. 7 Purchased equipment for $36,800 cash. 11 Paid $3,500 far a 1-year insurance policy 14 Paid accounts payable of $11,000. 19 Declared cash dividends, $5,100 Additional information: As of February 1, 2020, current assets were $126,100 and current liabilities were $35,700 Compute the current ratio as of the beginning of the manth and after each transactian. (Round all answers to 2 decimal places, e.g. 1.83:1.) Current ratio as of February 1, 2020 Feb. 3 Feb. 7 Feb. 11 Feh. 14 Feb. 18 Click if you would like to Show Work for this
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