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. 1

st Ratio: Current Ratio

2nd Ratio: Bad Debt Percentage Ratio

3rd Ratio: Sales Return Percentage

4th Ratio: Cost of Goods Sold Percentage