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Sandhill incorporated had the following transactions involving current assets and current ilabilities during February 2025. Feb. 3 Collected accounts receivable of $10,700. 7 Purchased equipment

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Sandhill incorporated had the following transactions involving current assets and current ilabilities during February 2025. Feb. 3 Collected accounts receivable of $10,700. 7 Purchased equipment for $21,960 cash. 11 Paid $4,100 for a 1 -year insurance policy. 14 Paid accounts payable of $13,400 18 Declared cash dividends of $5,400. Additional information: As of February 1, 2025, current assets were $128,100 and current liabilities were $36,600. Compute the current ratio as of the beginning of the monthand after each transaction. (Round answers to 2 decimal places, es. 1.83: 1.)

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