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View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sandhill Incorporated had the following transactions involving current assets and
View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sandhill Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $13,100. 7 Purchased equipment for $30,400 cash. 11 Paid $2,100 for a 1-year insurance policy. 14 Paid accounts payable of $13,200. 18 Declared cash dividends of $8,900. Additional information: As of February 1, 2025, current assets were $129,600 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.g. 1.83: 1.) Current ratio as of February 1, 2025 Feb. 3 Feb. 7 Feb. 11 Feb. 14 Feb. 18 eTextbook and Media Save for Later 4.05 :1 4.05 :1 3.1 :1 3.1 :1 4.57 :1 3.46 :1 Attempts: 2 of 3 used Submit Answer
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