Which of the following would be most likely to cause an auditor to have substantial doubt regarding a company's ability to continue as a going concern?

A current ratio of 1.3 and a quick ratio of 0.8.

Negative cash flow from investing activities.

Management's refusal to sign a management representation letter.

Failure to obtain positive confirmation of several large receivables.

Answer rating: 100% (QA)

A current ratio of 13 and a quick ratio of 08 Both the current ratio and quick ratio measure a comp... View the full answer