Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 6C, Problem 4P
a.
To determine
Recalculate the given ratios using excel.
b.
To determine
Identify financial statements accounts that need to be investigated as the ratios recalculated cannot be compared to previous ratios, industry averages, or the knowledge of the company.
c.
To determine
Identify the potential reasons for the unexpected accounts balance and related ratios for the accounts listed in part b.
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