Sheridan Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $14,400. 7 Purchased equipment for $33,600 cash. 11 Paid $4,600 for a 1-year insurance policy. 14 Paid accounts payable of $14,000. 18 Declared cash dividends of $4,900. Additional information: As of February 1,2025, current assets were $132,800 and current liabilities were $32,000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.8. 1.83:1. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.s. 1.83:1. Current ratio as of February 1, 2025 1 Feb. 3 1 Feb. 7 :1 Feb, 11 .1 Feb, 14 11 Feb. 18 1