Question
Research and define the common ratios (listed directly below) which may be used to analyze financial statements when attempting to detect fraudulent activity. Discuss how
Research and define the common ratios (listed directly below) which may be used to analyze financial statements when attempting to detect fraudulent activity. Discuss how each of these 4 ratios can be used to detect fraud. Be sure to use and cite one resource for the initial threaded discussion. The resource may include the textbook used in this class.
1st Ratio: Current Ratio
2nd Ratio: Bad Debt Percentage Ratio
3rd Ratio: Sales Return Percentage
4th Ratio: Cost of Goods Sold Percentage
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Financial ratios show the relationship between one element of financial statements with another elem...
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
