Question 7 of 11 -12 E View Policies Current Attempt in Progress Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb, 3 7 11 Collected accounts receivable of $14,300. Purchased equipment for $27,500 cash. Paid $2,400 for a 1-year insurance policy. Paid accounts payable of $12,200, Declared cash dividends, $4.900. 14 18 Additional information: As of February 1, 2020, current assets were $132,300, and current liabilities were $49,000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, eg. 1.67) Current ratio :1 February 1 - 12 Question 7 of 11 As of February 1, 2020, current assets were $132.300, and current liabilities were $49.000 Compute the current ratio as of the beginning of the month and after each transaction (Round answers to 2 decimal places, es 1673 Current ratio :1 February 1 11 February 3 :1 February 7 February 11 :1 February 14 :1 February 18 e Textbook and Media