9:00 AM 100 View Rubric Assignment 1: Understanding the Client and Performing Analytical Procedures Due Week 2 and worth 100 points In this assignment, you will prepare a two to three (2 to 3) page report that addresses the requirements specified in the case for Parts 1 and 2 Include your calculations as part of your analysis and fully explain the results. Also include a minimum of two (2) current references to scholarly and/or authontative sources Your report must address all of the following: 1. Address the overall understanding of the retail and wholesale industries and identified areas that impact financial reporting 2. Analyze Cloud 9's financial position and its business risks. Include ratios supporting the business analysis 3. Identify areas requiring special emphasis during the audit and potential problem areas. 4. Address materiality in your response 5. Use at least two (2) current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not quality as quality scholarly and/or authontative sources. Use the Strayer University Library to conduct your research Your assignment must follow these formatting requirements . Be typed, double-spaced, using Times New Roman font (size 12). with one-inch margins on all sides, citations and references must follow APA or SWS format Check with your professor for any additional instructions When shed make sure to click Submit Optionally, click Save as Draft to save changes and cont working later or click Cancel to quit without any changes. 9:00 AM 100 View Rubric Assignment 1: Understanding the Client and Performing Analytical Procedures Due Week 2 and worth 100 points In this assignment, you will prepare a two to three (2 to 3) page report that addresses the requirements specified in the case for Parts 1 and 2 Include your calculations as part of your analysis and fully explain the results. Also include a minimum of two (2) current references to scholarly and/or authontative sources Your report must address all of the following: 1. Address the overall understanding of the retail and wholesale industries and identified areas that impact financial reporting 2. Analyze Cloud 9's financial position and its business risks. Include ratios supporting the business analysis 3. Identify areas requiring special emphasis during the audit and potential problem areas. 4. Address materiality in your response 5. Use at least two (2) current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not quality as quality scholarly and/or authontative sources. Use the Strayer University Library to conduct your research Your assignment must follow these formatting requirements . Be typed, double-spaced, using Times New Roman font (size 12). with one-inch margins on all sides, citations and references must follow APA or SWS format Check with your professor for any additional instructions When shed make sure to click Submit Optionally, click Save as Draft to save changes and cont working later or click Cancel to quit without any changes