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Dear Tutors, Please help me understand the red flags/ symptoms of fraud based on the below financial statement data. Thank you! Assume that Alpha and

Dear Tutors,

Please help me understand the red flags/ symptoms of fraud based on the below financial statement data. Thank you!

Assume that Alpha and Omega compete in the same four-digit SIC code industry and offer comparable products and services. The following table contains their reported financial performance and condition for the last two years:

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