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Swell Computers manufactures desktop and laptop computers. The components of the financial statements are (1) net income =$50,000, , (2) total assets =$1 billion, and

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Swell Computers manufactures desktop and laptop computers. The components of the financial statements are (1) net income =$50,000, , (2) total assets =$1 billion, and (3) total revenues =$3 billion. a. Determine the preliminary judgment about materiality (i.e. calculate the preliminary materiality). Justify your decisions (i.e. explain why you chose the particular base)

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