Using statistical sampling to assist in auditing the year-end accounts payable balance, an auditor has accumulated the following data:

Using the ratio estimation technique, the auditor's estimate of year-end accounts payable balance would be

a. \(\$ 6,150,000\).

b. \(\$ 6,000,000\).

c. \(\$ 5,125,000\).

d. \(\$ 5,050,000\).

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Number of Book Balance determined by accounts Population 4,100 balance the auditor $5,000,000 P Sample 200 $ 250,000 $300,000