Question 2 An internal auditor gathered the following accounts receivable trend and ratio analysis information: Year 3 2 Net accounts receivable as a percentage of total assets 30.8% 27.396 23.4% 5.21 6.05 6.98 Accounts receivable turnover(net sales/average accounts receivable) Fictitious sales may have been recorded in years 2 and 3. Sales returned for credit were overstated in years 2 and 3. The allowance for bad debts was understated in years 2 and 3. The effectiveness of credit and collection procedures deteriorated over the three-year period