Question: 7 points During auditing the sales and payment cycle, the audit manager gives you comparative information for inventory and accounts payable and calculated the days
7 points During auditing the sales and payment cycle, the audit manager gives you comparative information for inventory and accounts payable and calculated the days purchases accounts payable: 2020 2021 Inventory 40,970 AED 67,150 AED Account payable 9.300AED 11,800 Days purchases in account payable 412 365 days/payable turnovers 41.6 Required: Your superior asks you to analyze the tables and to discuss a list of possible concerns that you might have about potential misstatements in both accounts Marks) For the toolbar, press ALT F10 PC or ALTHEN F10 Mac B TV5 Paragraph Arla 10pt T: x X2 119
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