25 Carla Vista Incorporated had the following transactions...
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Accounting
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Carla Vista Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 Collected accounts receivable of $11.200. 7 Purchased equipment for $35,200 cash. 11 Paid $3,200 for a 1-year insurance policy. 14 Paid accounts payable of $14,800. 18 Declared cash dividends of $5,200. Additional information: As of February 1, 2025, current assets were $123,200 and current liabilities were $35,200. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimalploces, eg 1.83:1) As of February 1,2025, current assets were $123,200 and current liabilities were $35,200 Compute the current ratio as of the beginning of the month and after each transaction. (Round onswers to 2 decimal places, es. 1.83:1.)
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