Question: In year 1 a firm had cash and cash equivalents
In year 1, a firm had cash and cash equivalents of $100,000, accounts receivable of $25,000, and inventories of $13,000. In year 2, it had cash and cash equivalents of $80,000, accounts receivable of $20,000, and inventories of $15,000. Calculate the change in total current assets in dollars and as a percentage.
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