Surprise Company provided the following comparative balance sheets and statements of income.

1. Calculate all ratios needed to determine if Surprise Company is possibly underreporting accounts payable in Excel.
2. If you detect possible fraud, explain why you think it might exist.

Consolidated Statements of Income	2018	2017	2016
Revenues	26,434	22,373	18,639
Cost of Goods Sold	18,101	18,061	15,306
Gross Margin	8,333	4,312	3,333
Operating Expenses	5,328	3,412	2,865
Operating Income before taxes	2,805	700	368
Income Taxes	1,062	220	47
Net Income	1,743	480	321
Consolidated Balance Sheets	2018	2017	2016
Assets:
Current Assets
Cash and cash receivable	1,442	751	217
Receivables	5,502	4,015	3,229
Inventories	1,424	1,012	800
Deferred income taxes	751	202	356
Total current assets	9,119	5,980	4,602
Land	22,447	15,139	11,945
Buildings	10,882	8,375	7,598
Machinery	6,133	4,908	3,411
Accumulated depreciation	-296	-205	-135
Total Assets	48,285	34,197	27,421
Liabilities & Stockholder's equity
Current liabilities
Accounts Payable	5,503	4,012	4,658
Taxes Payable	686	443	135
Total Current Liabilities	6,189	4,455	4,793
Long-term Debt	16,887	16,015	19,446
Deferred income taxes	745	462	254
Stockholder's equity
Common Stock	22,120	12,664	2,807
Retained Earnings	2,344	601	121
Total Liabilities & Stockholder's equity	48,285	34,197	27,421