CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 13-8 Sage Hill Inc. had the following transactions involving current assets and current liabilities during February 2019. Feb. 3 Collected accounts receivable of $18,600. 7 Purchased equipment for $33,200 cash. 11 Paid $2,000 for a 1-year insurance policy. 14 Paid accounts payable of $14,600. 18 Declared cash dividends, $8,200. Additional information: As of February 1, 2019, current assets were $132,700 and current liabilities were $34,600. 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 Feb. 3 Feb. 7 Feb. 11 Feb. 14 Feb. 18