AP$11\mathrm{.}2($LO $2)$ Analytical procedures The following data was taken from the production and accounting

records for Casuccio Manufacturing, Inc.

Unaudited $2023$ Audited $2022$ Audited $2021$

Operating Data

Capacity $($units$)450,000450,000450,000$

Production $($units$)450,000400,000300,0000$

Inventory $($units$)32,00028,000210,000$

Financial Data $$000$

Total revenues $$35,200$ $$27,500$ $$21,200$

Total assets $$23,000$ $$19,500$ $$15,700$

Accounts receivable, net $$5,900$ $$4,300$ $$3,900$

Bad debts $$175$ $$135$ $$105$

Accounts receivables written off $$165$ $$125$ $$100$

Required

$1.$ Calculate the following ratios for $2023,2022,$ and $2021$:

a$)$ Sales to total assets.

b$)$ Sales to production.

c$)$ Revenue per unit sold.

d$)$ Accounts receivable growth to sales growth.

e$)$ Uncollectible accounts expense to net credit sales.

f$)$ Uncollectible accounts expense to accounts receivable written off.

g$)$ Accounts receivable turnover in days.

$2.$ Describe the implications of the resulting ratios for the auditor's audit strategy for the year $2023.$

$3.$ What specific assertions are likely to be misstated?

$4.$ How should the auditor respond in terms of potential audit tests?