Question: You are testing accrued liabilities. You know that the current ratio is 1.3 this year, it was 2.1 in the previous year, and the industry

You are testing accrued liabilities. You know that the current ratio is 1.3 this year, it was 2.1 in the previous year, and the industry average for the current year is 2.5.

Required: The above information indicates that you should spend more time testing which assertions) and why?

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