What inquiry should you have for management when looking at the breakdown of the current assets? Where there unusual circumstances that contributed to a significant reduction in cash and equivalents? Were there unusual circumstances that contributed to a significant increase in cash and equivalents? Explain why short-term investments have been decreasing. Explain why the current assets have been decreasing over the last three years?

Answer rating: 100% (QA)

When examining the breakdown of current assets several inquiries should be made to management to gain a comprehensive understanding of the financial s... View the full answer