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.

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.

Analyze a company's financial position and business risks relative to an audit