Robin Incorporated has the following potential transactions involving current assets and current liabilities. 1. Accounts receivable of $20,000 are collected. 2. Equipment is purchased for $39,000 cash. 3. Equipment is purchased by signing a 1-year, $34,000 note. 4. Paid $6,000 for a 3 -year insurance policy. 5. Paid $18,000 of accounts payable. 6. Cash dividends of $8,000 are declared. 7. Borrowed $41,000 by signing a short-term note payable. 8. Paid a $47,000 short-term note payable. As of the beginning of the month, current assets were $180,340, and current liabilities were $127,000. Current assets included $44,530 of inventory and $5,000 of prepaid expenses. (a) Compute the current ratio and acid-test ratio as of the beginning of the month. (Round answers to 2 decimal places, eg. 5.25.) Current ratio as of beginning of month Acid-test ratio as of beginning of month