Case 1.1 Ocean - Auditing Cases 7th ed. Pearson 2019

[3] Using Oceans financial information, below, calculate relevant preliminary analytical procedures to obtain a better understanding of the prospective client and to determine how Ocean is doing financially. Compare Oceans ratios to the industry ratios provided. Identify any major differences and briefly list any concerns that arise from this analysis in terms of how each might affect the client acceptance decision.