Current Attempt in Progress

Your answer is partially correct.

Wildhorse Incorporated had the following transactions involving current assets and current liabilities during February $2027.$

Feb. $3$ Collected accounts receivable of $$15,200.$

$7$ Purchased equipment for $$32,946$ cash.

$11$ Paid $$2,000$ for a $1-$year insurance policy.

$14$ Paid accounts payable of $$14,000.$

$18$ Declared cash dividends of $$6,900.$

Additional information:

As of February $1,2027,$ current assets were $$135,660$ and current liabilities were $$32,300.$

Compute the current ratio as of the beginning of the month and after each transaction. $($Round answers to $2$ decimal places, eg$.1\mathrm{.}83.)$

Current ratio as of

Feb. $1,2027$ :$1$

$3$ :$1$

$7$

:$1$

$11$

:$1$

$14$

;$1$

$18$

:$1$