current Attempt in Progress Crane Incorporated 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 $28,400 cash. Paid $2,000 for a 1-year insurance policy. Paid accounts payable of $12.500 18 Declared cash dividends of $4,000. 11 14 Additional information: As of February 1, 2022, current assets were $135.810, and current liabilities were $50.300. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, s1673 Current ratio February 1 - /6 Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, s 1.67) Current ratio February 1 #1 February 3 :1 1 February 7 31 51 February 11 1 February 14 51 February 18 e Textbook and Media Submit Attempts: 0 of 3 used Save for Lite