audit please quickly i will give you a thumb Question 3Auditors have calculated some ratios and carried out trend analysis when performing audit of oneof their client's financial statements. The following presents the information.PROBIO PHARMACEUTICAL RATIO ANALYSISRatiosCurrent RatioQuick RatioDays' sales in receivablesDays' sales in inventoryDebt/equity ratioTimes interest earnedSales growth over past yearCurrent2021(i)(ii)(iii)(iv)(v)1.850.85 0.931.32020 2019 20181.89 2.28 2.51109152 165 924.85 4.88 1.253%1.3296 100Observation / Accounts at riskPresent your answers in the following structure:1.7672691.131.45 5.89 6.35% 2% 4%Industry2.13Required:a) Draw major observation from the financial analysis shown in the table. Be specific inidentifying specific account balances that have a high risk of material misstatement.1.469841.254.56%b) State how your risk analysis in part (a) will be used in planning the audit.

The analysis of account balences will be done in trend analysis is used by auditor in order to…

Question 3 Auditors have calculated some ratios and carried out trend analysis when performing audit of or of their client's financial statements. The following presents the information. PROBIO PHARMACEUTICAL RATIO ANALYSIS Ratios Current Ratio Quick Ratio Days' sales in receivables Days' sales in inventory Debt/equity ratio Times interest earned Sales growth over past year Current 2021 2020 2019 2018 Industry 1.85 1.89 2.28 2.51 0.85 0.93 1.32 1.76 109 96 100 152 165 92 4.85 4.88 1.3 1.45 5.89 6.3 3% 5% 2% 4% 72 69 1.25 1.13 2.13 1.4 69 84 1.25 4.5 6% Required: a) Draw major observation from the financial analysis shown in the table. Be specific

Question 3 Auditors have calculated some ratios and carried out trend analysis when performing audit of or of their client's financial statements. The following presents the information. PROBIO PHARMACEUTICAL RATIO ANALYSIS Ratios Current Ratio Quick Ratio Days' sales in receivables Days' sales in inventory Debt/equity ratio Times interest earned Sales growth over past year Current 2021 2020 2019 2018 Industry 1.85 1.89 2.28 2.51 0.85 0.93 1.32 1.76 109 96 100 152 165 92 4.85 4.88 1.3 1.45 5.89 6.3 3% 5% 2% 4% 72 69 1.25 1.13 2.13 1.4 69 84 1.25 4.5 6% Required: a) Draw major observation from the financial analysis shown in the table. Be specific

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AutoSave Normal 因 Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A Aav A E E O Find - AaBbCcDc AaBbCcDc AABBCC AABBCCC AaB AABBCCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 Winter Company reported the following for the most recent month: Physical Units 700 Beginning work in process (60% complete) Units transferred in (started) during month Ending work in process 4,800 950 Materials are added at the end of the process and conversion costs are added evenly throughout the process. If equivalent whole units of production for conversion using the weighted average were 4,816, what percent complete was ending work in process at the end of the month? (Round to the nearest whole percent.) а. 20% b. 16%…
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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

Safari File Edit View History Bookmarks Window Help uLink - Student... W 1. 2. uLink - Student... 3. 4. learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com uLink - Student... 21 445 Entity A enters into the following transactions. You are required to show the impact of the transactions below on the accounting equation. e Content 9 Bb https://learn-eu-... Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45. Entity A received a 10% discount for the 1 000 bags. Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding balance was settled through an online payment. This transaction did not affect the discount offered to Entity A. Select the correct values from the dropdown menus in the table provided in the Blackboard activity. MAR 7 In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's bank account. A quarter of the amount is payable to the owner and…
Question Completion Status: QUESTION 2 Posting: transfers journal entries to ledger accounts. a. transfers ledger transaction data to the journal. Ob. is an optional step in the recording process. c. normally occurs before journalizing. d. QUESTION 3 Q5. All statement are limitations of trial balance Except: Click Save and Submit to save and submit. Click Save AlZ Answers to save all answers.
How can you display or print a batch or group of reports quickly? A. Create a memorized group of reports. B. Click Batch Reports from the Home Page C. Click Reports > Process multiple reports D. You cannot do this in Quickbooks
Make a journal entries for the parent company
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