Question
year 1 year 2 year 3 year 4 year 5 Sales 100,000 105,000 110,250 137,812.50 206,718.75 COGS 75,000 78,750 82,687.50 66,150 59,535 Margin 25,000 26,250
| year 1 | year 2 | year 3 | year 4 | year 5 | |
| Sales | 100,000 | 105,000 | 110,250 | 137,812.50 | 206,718.75 |
| COGS | 75,000 | 78,750 | 82,687.50 | 66,150 | 59,535 |
| Margin | 25,000 | 26,250 | 27,562.50 | 71,662.50 | 147,183.75 |
1) perform horizontal analysis of the data in the previous table to indicate any potential red flags regarding possible overstatement of sales?
2) perform vertical analysis of the data in the previous table to indicate any potential red flags regarding possible understatement of COGS?
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The Role Of Internal Auditing In A Federal Educational Institution Management Support And Decision Making Aid
Authors: Leonardo Gonçalves
1st Edition
6205061759, 978-6205061756
