Business, 05.10.2020 01:01 blake2001

Skysong, Inc. had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 Collected accounts receivable of $14,400. 7 Purchased equipment for $42,600 cash. 11 Paid $4,600 for a 1-year insurance policy. 14 Paid accounts payable of $14,000. 18 Declared cash dividends, $4,900. Additional information: As of February 1, 2020, current assets were $139,100 and current liabilities were $34,200. Compute the current ratio as of the beginning of the month and after each transaction.

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Skysong, Inc. had the following transactions involving current assets and current liabilities during...

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