Which of the following ratios is least applicable to the audit of the valuation assertion of accounts

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Which of the following ratios is least applicable to the audit of the valuation assertion of accounts receivable?

a. Ratio of bad debt expense to sales.

b. Current ratio.

c. Accounts receivable turnover ratio.

d. Ratio of allowance for doubtful accounts to accounts receivable.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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Which of the following ratios is least applicable to the audit of the valuation assertion of accounts

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