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a.You are completing analytical procedures (ratios) for the audit of sales and accounts receivable. Identify 3 ratios and their trend (increased/decreased) which may indicate that

a.You are completing analytical procedures (ratios) for the audit of sales and accounts receivable. Identify 3 ratios and their trend (increased/decreased) which may indicate that net sales and/or net accounts receivable may be overstated. Explain.

(3 marks)

Item

Ratio

Increased/decreased - Explain

1

2

3

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