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Swartz Corporation wrote off a $1,600 uncollectible account receivable against the $48,000 balance in its allowance account. Required Explain the effect of the write-off on

Swartz Corporation wrote off a $1,600 uncollectible account receivable against the $48,000 balance in its allowance account.

Required

Explain the effect of the write-off on Swartz's current ratio. Give your answer in the space provided below

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