You are the audit senior on the audit of Comfy Pty Limited, a large manufacturer of shoes using the latest technology to ensure the Eco$-$friendly manufacturing process. Comfy Pty Limited$$s main market lies with $18-$to$-35-$year$-$old.

This is the second year in which your firm has performed the audit. As part of the planning work, you have performed analytical procedures on an annualised basis and compared the results to industry averages and last year$$s audited financial information. The results are given below:

Industry average Comfort Pty Limited

Ratio $2023202220232022$

$($Unaudited$)($Audited$)$

$1$ Current ratio $2\mathrm{.}653\mathrm{.}272\mathrm{.}53\mathrm{.}87$

$2$ Receivables turnover ratio $4\mathrm{.}94\mathrm{.}65\mathrm{.}06\mathrm{.}2$

$3$ Inventory turnover ratio $3\mathrm{.}73\mathrm{.}84\mathrm{.}35\mathrm{.}5$

$4$ Return on total assets $7\%5\%13\%11\%$

$5$ Net profit ratio $0\mathrm{.}060\mathrm{.}060\mathrm{.}040\mathrm{.}04$

$6$ Gross margin $0\mathrm{.}200\mathrm{.}260\mathrm{.}200\mathrm{.}18$

Additional Information:

During the last $2$ months, a growing number of returned shoes due to fault on the sole Additional loans were negotiated during the year by the management

Required:

Using the analytical procedures results above, identify $4$ key accounts that the auditor might assess to be at risk of material misstatements.

$($show your logic, on why you identify those $4$ key accounts$)$

I hope i will get the correct answer step by step to learn it very easily please provide me the best easy steps so that i can do other questions my self. Thank you