-ap-southeas... S ACFI3005 Topic 4 Home... Paraphrasing Tool QuillB... S Topic 4 Chapter 4 SOL -... f Facebook SQ4.3 You are an audit senior in the firm of Big Apple accountants. You are seeking promotion to audit supervisor and want to impress the audit partner by assisting in the latest risk assessment for a long-standing client who uses a periodic inventory system. You have obtained the following information from the client's accounts: Current Year Last Year $2,400 $1,800 Sales Less: Expenses Cost of goods sold Salaries 1,008 288 990 216 Repairs and maintenance Other expenses Net profit 444 360 300 198 180 216 Using common-size analysis, identify accounts that may be at risk of material misstatement giving details of the potential reasons