Question: Echo Corporation had the following balances immediately prior to writing

Echo Corporation had the following balances immediately prior to writing off a $100 uncollectible account:
Current assets $30,000
Accounts receivable 3,300
Allowance for doubtful accounts 300
Current liabilities 10,000

Required:
Calculate the following amounts or ratios and determine the relationship between the amount or ratio before the write-off (x) with the amount or ratio after the write-off(y):

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  • CreatedSeptember 10, 2014
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