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RICH Company presents the following information from its Balance Sheet and Income Statement Horizontal Analysis Sales Cost of goods sold Inventory Accounts Payable Year

RICH Company presents the following information from its Balance Sheet and Income Statement Horizontal

RICH Company presents the following information from its Balance Sheet and Income Statement Horizontal Analysis Sales Cost of goods sold Inventory Accounts Payable Year 2020 $335.000 220,000 350,000 330,000 Year 2021 $750,000 175,000 349,500 75,000 Required: Perform a horizontal analysis for the accounts mentioned above, then explain 2 possible symptoms of fraud that exist in the data above.

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