Question: Current Attempt in Progress Marin Inc had the following transactions involving current assets and current liabilities during February 2022. Feb.3 7 11 14 18 Collected
Current Attempt in Progress Marin Inc had the following transactions involving current assets and current liabilities during February 2022. Feb.3 7 11 14 18 Collected accounts receivable of $11,000. Purchased equipment for $36,800 cash Paid $3,500 for a 1-year insurance policy. Paid accounts payable of $11,000. Declared cash dividends, S5,100 Additional information: As of February 1, 2022, current assets were $126,100 and current liabilities were $35,700. Compute the current ratio as of the beginning of the month and after each transaction (Round all answers to 2 decimal places, eg. 1.83 1.) Current ratio as of February 1, 2014 :1 Feb.3 1 1 Feb. 7 Feb. 11 :1 Feb. 14 :1 Feb. 18 :1
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