THESE TWO PROBLEMS ARE THINKING PROBLEMS. THE CALCULATIONS ARE DONE FOR YOU. YOUR JOB IS TO PROVIDE A REASONALE EXPLANATION FOR THE OBSERVED DATA. YOU ARE AUDITING YEAR 20X3 OF YOUR CLIENT, A RESELLER OF ELECTRONIC COMPONENTS. 1 You are given the fololowing data REV COS CR AR 20x1 20x2 20x3 $ 272,678,423 $ 252,013,330 $ 280,151,420 $ 229,141,532 $ 204,888,886 $ 252,388,667 $ 264,736,333 $ 249,518,149 $ 288,815,897 $ 43,213,696 $ 48,002,539 $ 43,034,012 20x1 20x2 20x3 20X3 INDICATOR AVERAGE STD DEV LOW HIGH TINV(51) 9 1.020 0.014 1.006 1.034 REV/CR 1.03 1,01 0.97 REV/COS 1.19 1.23 1.11 P 1.210 0.028 1.210 1.210 REV/AR 6.31 5.25 6.51 5.780 0.750 5.030 6.530 1 What MISSTATEMENT condition could explain these results? 2 Suppose the data were as follows REV COS 20x1 20x2 20x3 $ 272,678,423 $ 252,013,330 $ 280,151,420 $ 229,141,532 $ 204,888,886 $ 252,388,667 $ 264,736,333 $ 249,518,149 $ 274,658,255 $ 43,213,696 $ 48,002,539 $ 47,402,948 CR AR 20x3 20x1 20x2 20x3 INDICATOR AVERAGE STD DEV LOW HIGH TINV(5,1) REV/CR 1.03 1,01 1.02 1.020 0.014 1.006 1.034 REV/COS 1.19 1.23 1.11 1.210 0.028 1.210 1.210 REV/AR 6.31 5.25 5.91 5.780 0.750 5.030 6.530 1 What BUSINESS condition could explain these results? THESE TWO PROBLEMS ARE THINKING PROBLEMS. THE CALCULATIONS ARE DONE FOR YOU. YOUR JOB IS TO PROVIDE A REASONALE EXPLANATION FOR THE OBSERVED DATA. YOU ARE AUDITING YEAR 20X3 OF YOUR CLIENT, A RESELLER OF ELECTRONIC COMPONENTS. 1 You are given the fololowing data REV COS CR AR 20x1 20x2 20x3 $ 272,678,423 $ 252,013,330 $ 280,151,420 $ 229,141,532 $ 204,888,886 $ 252,388,667 $ 264,736,333 $ 249,518,149 $ 288,815,897 $ 43,213,696 $ 48,002,539 $ 43,034,012 20x1 20x2 20x3 20X3 INDICATOR AVERAGE STD DEV LOW HIGH TINV(51) 9 1.020 0.014 1.006 1.034 REV/CR 1.03 1,01 0.97 REV/COS 1.19 1.23 1.11 P 1.210 0.028 1.210 1.210 REV/AR 6.31 5.25 6.51 5.780 0.750 5.030 6.530 1 What MISSTATEMENT condition could explain these results? 2 Suppose the data were as follows REV COS 20x1 20x2 20x3 $ 272,678,423 $ 252,013,330 $ 280,151,420 $ 229,141,532 $ 204,888,886 $ 252,388,667 $ 264,736,333 $ 249,518,149 $ 274,658,255 $ 43,213,696 $ 48,002,539 $ 47,402,948 CR AR 20x3 20x1 20x2 20x3 INDICATOR AVERAGE STD DEV LOW HIGH TINV(5,1) REV/CR 1.03 1,01 1.02 1.020 0.014 1.006 1.034 REV/COS 1.19 1.23 1.11 1.210 0.028 1.210 1.210 REV/AR 6.31 5.25 5.91 5.780 0.750 5.030 6.530 1 What BUSINESS condition could explain these results