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Which of the following would be most likely to cause an auditor to have substantial doubt regarding a company's ability to continue as a going

Which of the following would be most likely to cause an auditor to have substantial doubt regarding a company's ability to continue as a going concern?

A current ratio of 1.3 and a quick ratio of 0.8.

Negative cash flow from investing activities.

Management's refusal to sign a management representation letter.

Failure to obtain positive confirmation of several large receivables.

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