ures sessment phase for the new audit, the audit team needs to gain an unders loud 9's structure and its business environment, determine materiality, and asse erent risk. This will assist the teamin deve en and timin of u dit c ures. nature Answer he followi g questio s based on the info ation pre appendix to this text and the current and earlier chapters. You answers o the case study questions in earlier chapters. nted for Hould als oudg in consider Liqui Ratios Curent raio : CACI Acd-test (quck)rdo - Liqui Invertor/ trnot,'e in days Receivdes t" x i' Paydes in days Gross Solvecy ratios Tmes nterest earrBi Gross "fit mgin Proftugln Return cn assets Run stcckhodersl eqliy 151895192 222' 3654 222496154 days 773077+55615 365* 364953846 days 365* 222496154 days 615,385+20915 151!-341 : 1178 89426.923 134403846 35438461+1257692231 1257692 22E80.79 364953846 22680769 22880 769 134403846+120615 2613 : 34M sing analytical procedures and the information provided in the appendix, perform analysis of Cloud 9's financial positio Whichs ecific area do you b lieve shou d receive pecial em hasis duri your aud t? Consider your discussion of the analytical procedures results as well as your preliminary estimate of materiality. Prepare a memorandum to Suzie Pickering outlining potential problemareas (that is, where possible material misstatements in the fina Cial state ents exist) and any other special Note: on the right hand side is all ready been solve so can someone help on the question that I put inside the red pen 2021 184 207838462:976days 365* 1612-36821245 104650.001 120115384 35353846 +1.7307692214 345965385-2078384622399% 22273077 34595385 22273077 225285385 22273177 120.615384