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Question Content Area The current assets section of the balance sheets of Shalamar Company as of June 30, Year 2 and Year 1, is as
Question Content Area The current assets section of the balance sheets of Shalamar Company as of June 30, Year 2 and Year 1, is as follows: Line Item Description Year 2 Year 1 Cash and cash equivalents $ 75,000 $ 58,800 Trade accounts receivable, net 157,500 193,200 Inventory 208,200 253,400 Other current assets 18,400 15,500 Total current assets $ 459,100 $ 520,900 Total assets $2,650,000 $3,430,000 In the spaces provided below, complete a horizontal analysis of the current assets section of Sha
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