Question: Explain how the calculation of the gross margin percentage and the ratio of accounts receivable to sales, and their comparison to that of previous years,

Explain how the calculation of the gross margin percentage and the ratio of to sales, and their comparison to that of previous years, are related to the confirmation of and other tests of the accuracy of

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When the results of analytical procedures are different from the auditors expectations and thereby indicate that there may be a misstatement in the balance in accounts receivable and sales the auditor ... View full answer

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