You decide to begin your interim work by performing some analytical procedures to help develop your assessment of the risk of material misstatement at the assertion level You begin with accounts receivable and inventory Relevant quarterly financial information has been summarized in millions as follows As at Sept 30 2024 Qtr 3 June 30 2024 Qtr 2 Accounts receivable1 Sept 30 2023 Qtr 3 June 30 2023 Qtr 2 36 Inventory2 240 38 29 39 250 For the quarter ending 220 Sept 30 2024 Sept 30 2023 Sales3 1500 Cost of sales 1630 900 994 Note 1 Accounts receivable is all related to commercial clients Note 2 Inventory balance is made up of wine beer and spirits 260 Note 3 20 of sales are on credit Only commercial customers are eligible to make purchases on account Payment is due within 30 days for all customers Use ratios to perform analytical procedures on the quarterly accounts receivable and inventory balances For any assertionlevel risks identified in your analysis recommend audit procedures to address these risks at year end