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Genetiks Co , a biotechnology company, reported current assets of $ 1 , 3 2 6 . 5 million and current liabilities of $ 4

Genetiks Co, a biotechnology company, reported current assets of $1,326.5 million and current liabilities of $484.1 million in 20X8 and in 20X7, current assets of $1,242.0 million and $291.3 million of current liabilities. Therefore, working capital for G Co. increased from 20X7 to 20X8. true or false

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