Compute the current ratio as of the beginning of the month

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Reference no: EM131837561

Question: Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2017

Additional information: As of February 1, 2017, current assets were $120,000 and current liabilities were $40,000.

Instructions: Compute the current ratio as of the beginning of the month and after each transaction.

Reference no: EM131837561

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