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Blue Ltd is in the computer sales business. Blues auditor has conducted an analysis of the unaudited figures in preparation for setting the audit strategy.
Blue Ltd is in the computer sales business. Blues auditor has conducted an analysis of the unaudited figures in preparation for setting the audit strategy. The calculations reveal that inventories turnover is lower this year than last, even more than the auditor expected given the additional competition in Blues main markets.
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Explain how the turnover ratio analysis would affect the audit strategy for Blue.
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