Teal Mountain Inc. had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $10,700. 7 Purchased equipment for $27,000 cash. 11 Paid $4,100 for a 1-year insurance policy. 14 Paid accounts payable of $13,400. 18 Declared cash dividends, $5,400. Additional information: As of February 1, 2022, current assets were $129,200 and current liabilities were $36,600. 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.)
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