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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Amount or Ratio Possibilities 1 Current ratio 2. Net accounts receivable balance 3. Gross accounts receivable balance a. x more than y b. x equals y c. less than y d. cannot be determined