Bausch and Lomb, Inc., the optical products company, reported the following sales and receivables from 1990 to
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Subsequently it was discovered that the firm had booked revenues incorrectly, and the SEC investigated. Do the numbers here raise concerns about the quality of the reportedrevenues?
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1990 1991 1992 1993 Net sales Trade receivables, less aliowances 1.368.6 520 .709. 8722 385.0 203.0 205.3 277.3
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