Following are the auditor's calculations of several key ratios for Cragston Star products. The primary purpose of
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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.
REQUIRED
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 the audit?
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Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
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