1 Calculate the 2010 and 2009 liquidity ratios identified using
1. Calculate the 2010 and 2009 liquidity ratios identified using the Ratio Analysis table above. Also calculate the change and the percentage change for the ratios and complete the table.
2. Analyze the Chipmunk Company’s ratios for both years and compare the figures with the given industry ratios. Based on the ratios identified, where do you think fraud may have occurred?
You are a fraud investigator who has been hired to detect financial statement fraud for the Chipmunk Company. You have been provided with the financial statements on the following pages and are now beginning your analysis of those financialstatements.
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