Sales/revenues show a decreasing trend while COGS (Costs of Good Sold) indicates a decreasing trend from 2019 to 2020. For example, the sales/revenue was decrease from $25,331 to $18,097 while the COGS decreasing to $11,327 from $14,190 in between 2019 and 2020. 

 Specifically, please explain clearly and in detail the red flags or anomalies suggesting poor financial performance or potential fraud. 

Answer rating: 100% (QA)

A decreasing trend in salesrevenues and costs of goods sold COGS from one year to the next can be indicative of various financial issues including poor financial performance and potential fraud Here a... View the full answer