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Question 6 of 8 < View Policies Current Attempt in Progress Larkspur, Inc. had the following transactions involving current assets and current liabilities during
Question 6 of 8 < View Policies Current Attempt in Progress Larkspur, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $10,400. 7 Purchased equipment for $42,900 cash. 11 Paid $4,800 for a 1-year insurance policy. 14 Paid accounts payable of $13,400. 18 Declared cash dividends. $6,700. Additional information: As of February 1, 2022, current assets were $133,500 and current liabilities were $35,500. Compute the current ratio as of the beginning of the month and after each transaction. (Round all answers to 2 decimal places, es 1.)
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