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CASE 7 CONSOLIDATED STATEMENTS OF INCOME xyz COMPANY of 2017 S26,534 18,201 1,162 2016 S22,473 18,161 S4,312 3,512 $480 2015 s 18,739 5221 Calculate

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CASE 7 CONSOLIDATED STATEMENTS OF INCOME xyz COMPANY of 2017 S26,534 18,201 1,162 2016 S22,473 18,161 S4,312 3,512 $480 2015 s 18,739 5221 Calculate all ratios needed to determine it XYZ is possibly underreporting accounts payable. It you detect possible fraud, explain why you think it might exist.

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