Auditors can access SEC filings of certain public companies from EDGAR (Electronic Data Gathering and Retrieval system),
Question:
Auditors can access SEC filings of certain public companies from EDGAR (Electronic Data Gathering and Retrieval system), which has the Internet address presented below.
In addition, the auditors may obtain industry data for analytical procedures from various trade organizations, such as the National Restaurant Association. This organization's home page has the address shown below.
Required:
a. Use EDGAR to access the latest Form 10-K for Ruby Tuesday, Inc.
b. From the National Restaurant Association's Internet site obtain operating data for restaurants with an average check per person of \(\$ 10\) or more (from the Research Section).
c. Compare the following statistics for Ruby Tuesday with the industry averages presented by the National Restaurant Association:
(1) Cost of food and beverages.
(2) Selling (marketing), general, and administrative expenses.
(3) Interest expense.
(4) Net income before taxes.
Step by Step Answer:
Principles Of Auditing And Other Assurance Services
ISBN: 9780072327267
13th Edition
Authors: Ray Whittington, Kurt Pany