Eli-3 Determining ratio effects of write-offs AICPA ADAPTED Echo Corporation had the following balances immediately prior to writing off a 51m uncollectible account: Current assets $313,000 Accounts receivable 3,3 Allowance for doubtful accounts 3 Current liabilities 1, 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): Amount or Ratio Possibilities 1. Current ratio a. x more than 3; 2. Net accounts receivable balance b. 2: equals :9 3. Gross accounts receivable balance c. 2: less than y d. caImot be determined