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linyuki linyuki
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A year ago
Which of the following discoveries through the use of analytical procedures would most likely indicate a relatively high risk of financial failure?

▸ a decline in gross margin percentages

▸ an increase in the balance in fixed assets

▸ an increase in the ratio of allowance for uncollectible accounts to gross accounts receivable, while at the same time accounts receivable turnover also decreased

▸ a higher than normal ratio of long-term debt to net worth as well as a lower than average ratio of profits to total assets
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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moyo966moyo966
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A year ago
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linyuki Author
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A year ago
Thanks
jblazah
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Yesterday
Brilliant ツ
jasonbourne
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2 hours ago
Helped a lot
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