Select three ratio formulas that you have learned and apply them to the audit. What do the
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Question:
Select three ratio formulas that you have learned and apply them to the audit. What do the ratios tell you about the health of the organization?
In comparing prior year to current year, what do the changes tell you about the organization's health?
Does the organization have sufficient current assets? Cash reserves?
What do the notes to the financial statements reveal about the organization and its finances?
Expert Answer:
answer Lets start by selecting three common financial ratios Current Ratio This ratio measures a companys ability to pay its shortterm obligations wit... View the full answer
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