Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Refer to the statement of comprehensive income for the year ended 31 December 2023, statement of financial position as at 31 December 2023 and additional information related to the 2023 financial year. REQUIRED Calculate the ratios for 2023 (expressed to two decimal places) that would reflect each of the following and comment on your answers. Use only the formulas provided in the formula sheet that appear after Question 4 or in the module guide. 2.1 The efficiency of the company to collect its debts on time. 2.2 The amount of debt that the company uses to finance its assets. 2.3 The ability of the company to settle its short-term debts without relying on the sale of inventories. 2.4 The percentage of the profit that has been put back into the company. 2.5 The efficiency with which the company has managed its inventory. 2.6 The return that the shareholders achieved on their investment.

Answer 2

Question

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Answer 3

Question

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Answer 4

Question

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Answer 5

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

Answer 6

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

Answer 7

Chapter 9, Problem 33DQP

To determine

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

Answer 8

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Answer 11

Ch. 9 - Prob. 1RQ Ch. 9 - Prob. 2RQ Ch. 9 - Provide two examples of factors that might...Ch. 9 - Prob. 4RQ Ch. 9 - Prob. 5RQ Ch. 9 - Prob. 6RQ Ch. 9 - Prob. 7RQ Ch. 9 - Prob. 8RQ Ch. 9 - Prob. 9RQ Ch. 9 - Prob. 10RQ

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

Solution Summary: The author enumerates the items that would likely increase audit risk, decrease or no effect on audit risks.

Indicate whether the item would likely increase audit risk, decrease audit risk or no effect on audit risk.

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Chapter 9 Solutions