Wildhorse Incorporated had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 7 11 Collected accounts receivable of $15,700. Purchased equipment for $27.000 cash. Pald $4.000 for a 1-year insurance policy. Paid accounts payable of $12,100. Declared cash dividends of $4,800. 14 18 Additional information: As of February 1, 2022, current assets were $132,080, and current liabilities were $50.800. Compute the current ratio as of the beginning of the month and after each transaction (Round answers to 2 decimal places, eg. 1.67.) Current ratio 260 :1 February 1 As of February 1, 2022, current assets were $132,080, and current liabilities were $50,800. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places. e.g. 1.67.) Current ratio February 1 200 :1 February 3 260 :1 2.03 :1 February 7 2.03 :1 February 11 2.34 :1 February 14 2.03 :1 February 18