Following are the auditor's calculations of several key ratios for Cragston Star Products. The primary purpose of this information is to understand the client's business and assess the risk of financial failure, but any other relevant conclusions are also desirable.

a. What major conclusions can be drawn from this information about the company's future?
b. What additional information would be helpful in your assessment of this company's financial condition?
c. Based on the preceding ratios, which aspects of the company do you believe should receive special emphasis in theaudit?

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1 earned 4. Accounts receivable turnover 5. Days to collect receivables 6. Inventory turnover 7. Days to sell inventory 8. Net sales divided by tangible assets 179.80 98.37136.19 109.28 108.63 10. Return on assets 11. Return on equity 12. Earnings per share $4.30 $4.26 $4.49 $4.26 $4.14