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fedeFderal Polytechinic Auchi Edo State Nigeria

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I am looking for someone to my job these three cases answer every equation

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Hello buddy, here is case 12

Question 1.
Age of Accounts Receivable:
1. 1998- (\$49139 x 365) / \$194052 = 92.4 Days. When rounded of its 92 Days.
2. 1999- (\$107799 x 365) / \$305,932 = 128.6 Days. When rounded of its 129 Days.
3. 2000- (\$134877 x 365) / \$387006 = 127.2 Days. When rounded of its 127 Days.
Age of Inventory:
1. 1998 – (365 / 7.43) = 49.1 Days. When rounded of its 49 Days
2. 1999 – (365 / 7.40) = 49.3 Days. When rounded of its 49 Days
3. 2000 – (365 / 8.61) = 42.4 Days. When rounded of its 42 Days
Gross Profit Percentage:
1. 1998 – (\$46,496 / \$194,052) x 100 = 23.96%
2. 1999 – (\$90,810 / \$305,932) x 100 = 29.68%
3. 2000 – (\$139,210 / \$387,006) x 100 = 35.97%
Profit Margin Percentage:
1. 1998 – (\$7,181 / \$194,052) x 100 = 3.7%
2. 1999 – (\$16,332 / \$305,932) x 100 = 5.33%
3. 2000 – (\$24,963 / \$387,006) x 100 = 6.45%
Return on Assets:
1. 1998 – (\$7,181 / \$109,385) = .065
2. 1999 – (\$16,332 / \$231,712) =.071
3. 2000 – (\$24,963 / \$351,641) =.071
Return on Equity:
1. 1998 – (\$7,181 / \$11,935) = .60
2. 1999 – (\$16,332 / \$11,935) = 1.37
3. 2000 – (\$24,963 / \$11,935) = 2.09
Current Ratio:
1. 1998 – (\$95,302 / \$73,505) = 1.29
2. 1999 – (\$187,970 / \$146,531) = 1.28
3. 2000 – (\$214,908 / \$152,023) = 1.41
Debt-to-Equity Ratio:
1. 1998 – (\$73,820 / \$11,925) = 6.19
2. 1999 – (\$146,609 / \$11,925) = 12.29
3. 2000 – (\$164,639 / \$11,925) = 13.80
Quality-of-Earnings ratio:

1. 1998 – (\$8,022 / \$7,181) = 1.11
2. 1999 – (\$16,748 / \$16,332) = 1.03
3. 2000 – (\$55,259 / \$24,963) = 2.21
“Red flags” are any detected indicators through the statements of finance. The “red flags” to be
pinpointed within Take-Two’s statements of finance are;
1. The operations negative cash flows
2. The rise of account receivables on sales.
3. The rise of debts by the debt-to-equity ratio increase.
Question 2
The first objective to be confirmed by the auditors is the existence and completeness of
the balance. Existence simply confirms that the debtor's balance is accurately represented on the
financial statements in the total. While the completeness confirms the accuracy of the
transactions and the transaction record. The second objective of the audit is to carry out the yearend revenue reduction test by addressing the time and completeness of the occurrence. The time
of occurrence consists of tracing and vouching the transactions and events recorded for the
current fiscal year in question throughout the entity. In this case, the completeness shows that all
transactions have been recorded in the correct accounting period
A positive confirmation is that the audit team sends a letter to the company concerned
and asks for a bank document. This bank document must either confirm the amount at issue or
dispute the amount at issue and why. This also entails more long-term ...

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