Refer to Exhibit and access the SEC filings for each of the most recent three years for the following companies: (a) Kohl's, (b) Williams Sonoma, and (c) Dollar General.

a. Calculate the following ratios from Exhibit for each of the companies:

● Gross margin %

● Inventory turnover

● Days' sales in inventory

● Accounts payable/current liabilities

b. Compare and contrast your results across companies, and note any areas of audit attention that are evident.

c. Summarize management's disclosures about internal control for each company for the most recent fiscal year end. Comment on audit implications, including the relative proportion of evidence that you would gather from tests of details, substantive analytics, and tests of controls.