Perform an analytical review on the given ratios below in the planning stage of the audit process, identify areas of concern with their justifications and suggest assertion and ledger accounts impacted. 2- What audit process/task should be assigned for each area of concern? 3- Suggest the relevant audit procedures to react to the areas of concern identified above? Current ratio Quick ratio Gross profit margin inventory turnover Account receivables turnover Asset turnover/deb to equity ratio Return on sales Return on asset Return on shareholder's equity Times interest earned Bad and doubtful debts 2020 3.69 3.21 55.95 5.96 11.13 28.15 31.64 31.37 34.02 1.64 72,000 2019 3.15 2.65 54.84 6.81 9.37 27.81 32.15 33.4 36.52 0 -17,000