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29. You are auditing the accounts receivable (AR) allowance for doubtful accounts (ADA) and perform the analytical procedures shown below. Assume that no significant changes

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29. You are auditing the accounts receivable (AR) allowance for doubtful accounts (ADA) and perform the analytical procedures shown below. Assume that no significant changes have occurred during the year in the the entity's credit policies or customer base. What concerns anyhout the ADA should the auditor of Year : have based on the information shown below? (9 POINTS) Year 3 Client Industry Year 2 Client Industry Year 1 Client/Industry ADA/AR 8.3/72 8.5/74 8.3/7-3 Days AR Outstanding (365 days (Sales/Average AR)) 32.4/23.8 28.6/25.1 28.3/24- 30. Below is information relating to the inventory management of Quick Sell. Using analytical procedures, identify any concerns you have about misstatements in the financial statements. (9 POINTS) Current Year Prior Year Industry Average Inventory (net of reserve for excess and obsolete) $16,500 $22,000 $26,250 9 12 Inventory Turnover (COGS Average Inventory)

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