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Skysong, Inc. had the following transactions involving current assets and current liabilities during February 2019. Feb. 3 Collected accounts receivable of $18,900. 7 Purchased equipment

Skysong, Inc. had the following transactions involving current assets and current liabilities during February 2019.

Feb. 3 Collected accounts receivable of $18,900.
7 Purchased equipment for $36,800 cash.
11 Paid $3,500 for a 1-year insurance policy.
14 Paid accounts payable of $12,400.
18 Declared cash dividends, $8,500.

Additional information: As of February 1, 2019, current assets were $135,000 and current liabilities were $35,400. Compute the current ratio as of the beginning of the month and after each transaction. (Round all answers to 2 decimal places, e.g. 1.83 : 1.)

Current ratio as of February 1, 2019

enter current ratio

:1
Feb. 3

enter the current ratio as of February 3

:1
Feb. 7

enter the current ratio as of February 7

:1
Feb. 11

enter the current ratio as of February 11

:1
Feb. 14

enter the current ratio as of February 14

:1
Feb. 18

enter the current ratio as of February 18

:1

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