The inventory period was 11.2

Choc Ltd sells chocolates in bulk to retailers. In 20X5, Choc Ltd's accounts receivable period was 40.7 days while its inventory perioc The following extract relates to 20x6: Profit and Loss Statement (extract) 20X6 Sales revenue $250,000 Expenses COGS Operating expenses Depreciation and amortisation expense $100,000 $80,000 $20,000 Net profit before tax $50,000 Balance sheet (extract) 20X6 $4,000 Inventory Accounts reveivable Accounts payable $25,000 $8,000 As an auditor performing risk assessment procedures, what would be your concern regarding inventory? O Rights assertion as a result of the decrease in inventory period. O Valuation assertion as a result of the increase in inventory period. O Existence assertion as a result of the increase in inventory period. O Completeness assertion as a result of the decrease in inventory period. Choc Ltd sells chocolates in bulk to retailers. In 20X5, Choc Ltd's accounts receivable period was 40.7 days while its inventory perioc The following extract relates to 20x6: Profit and Loss Statement (extract) 20X6 Sales revenue $250,000 Expenses COGS Operating expenses Depreciation and amortisation expense $100,000 $80,000 $20,000 Net profit before tax $50,000 Balance sheet (extract) 20X6 $4,000 Inventory Accounts reveivable Accounts payable $25,000 $8,000 As an auditor performing risk assessment procedures, what would be your concern regarding inventory? O Rights assertion as a result of the decrease in inventory period. O Valuation assertion as a result of the increase in inventory period. O Existence assertion as a result of the increase in inventory period. O Completeness assertion as a result of the decrease in inventory period