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Windsor, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $15,200. 7 Purchased equipment

Windsor, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $15,200. 7 Purchased equipment for $32,900 cash. 11 Paid $2,000 for a 1-year insurance policy. 14 Paid accounts payable of $14,000. 18 Declared cash dividends, $6,900. Additional information: As of February 1, 2022, current assets were $135,800 and current liabilities were $32,300. Compute the current ratio as of the beginning of the month and after each transaction.

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