Question: Please answer peoblem #8, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Larkspur, Inc. had the following transactions involving current assets and current liabilities
Larkspur, Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 7 11 Collected accounts receivable of $10,400. Purchased equipment for $42,900 cash. Paid $4,800 for a 1-year insurance policy. Paid accounts payable of $13,400. Declared cash dividends. $6,700. 14 18 Additional information: As of February 1, 2022, current assets were $133,500 and current liabilities were $35,500. 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 Feb. 7 1 Feb. 11 :1 Feb. 14 :1 Feb 18 :1
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