NEN Exercise 13-08 Splish Brothers Inc. had the following transactions involving current assets and current...
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NEN Exercise 13-08 Splish Brothers Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $15,300. 7 Purchased equipment for $30,100 cash. 11 Paid $5,100 for a 1-year insurance policy. 14 Paid accounts payable of $11,900 18 Declared cash dividends, $8,000. Additional information: As of February 1, 2022, current assets were $131,300 and current liabilities were $34,200. 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, 2014 :1 Feb. 3 :1 Feb. 7 :1 Feb. 11 :1 Feb. 14 :1 Feb. 18 :1 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 3 used
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