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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 Feb 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

Feb 7 Purchased equipment for $36,800cash.

feb 11 Paid $3,500for a 1-year insurance policy.

Feb 14 Paid accounts payable of $12,400.

Feb 18 Declared cash dividends, $8,500.

Additional information:

As of February 1, 2019, current assets were $135,000and 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.)

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