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Compare the current ratio before the write-off

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Reference no: EM132840932

Problem 1: Thompson Corporation wrote off a R200 uncollectible account receivable against the R2 400 balance in its Allowance for Bad Debts account. Compare the current ratio before the write-off (X) with the current ratio after the write-off (Y).

Select one:

a. X less than Y
b. Cannot be determined
c. X equals Y
d. X greater than Y

Reference no: EM132840932

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