NEED ANSWER WITH EXPLANATION

Q15 X Y A B C D E F G H K L M N Instructions To be completed i) Calculate the (Average Days Sales Outstanding Ratio) for 20XX(CY) & 20XX-1(PY) years and analyze any trends, (are they positive, negative, or neutra CI A W N USE THE TABLE BELOW TO ANSWER ii) Calculate the (Gross Profit Ratio) for 20x8 & 20x7 years and analyze any trends, (are they positive, negative, or neutral changes)? USE THE TABLE BELOW TO ANSWER ii) Use 5% as a threshold to determine if the change warrants investigation. (5% is based on historical volatility in the data, auditor judgement, and the fact this is a (Assume all sales are credit sales.) - (Assume Account Receivables for the past 5 years were as follows) 20XX (CY) 20XX-1 (PY) 20XX-2 (2yrs ago) 20XX-3 (3yrs 20XX-4 (4yrs 10 ago) ago) 11 Accounts Receivable $ 51, 719 $ 40,741 $ 31,000 $ 23,500 $ 17,000 12 27% 31% 32% 38% 13 - (Assume Revenuess for the past 5 years were as follows) 20XX-1 (PY) 20XX-3 (3yrs 20XX-4 (4yrs 20XX (CY) 20XX-2 (2yrs ago) 14 ago) ago Q3. Device Sale Income Net of Sales 103,175 $ 85,540 $ 65,500 $ 49,500 $ 36,000 Returns and Discount 15 5) 16 21% 31% 32% 38% 17 Cost of Good Sold $ 51,833 $ 42,770 18 19 Gross Profit 51,342 |$ 42,770 20 USE THE TABLE BELOW TO ANSWER 21 iii) Calculate the Account Receivable / Revenue Ratio (Accounts Receivable divided by /Revenue) for 20X4- 20X8. Do you see any unusual trends? (Briefly explain) (EX: 22 USE THE TABLE BELOW TO ANSWER 23