One to Two Pages in APA Style (Cite any reference)

Anonymous
timer Asked: Jun 4th, 2018
account_balance_wallet $15

Question description

Please remember to provide a solution and analysis.

You are a fraud investigator who has been hired to detect financial statement fraud for the Chipmunk Company. You have been provided with the financial statements on the following pages and are now beginning your analysis of those financial statements.

Questions

  1. Calculate the 2016 and 2015 liquidity ratios identified using the ratio analysis table below. Also calculate the change and the percentage change for the ratios and complete the table. (Formulas are given to shorten the time spent on the assignment.)
  2. Analyze the Chipmunk Company’s ratios for both years and compare the figures with the given industry ratios. Based on the ratios identified where do you think fraud may have occurred?

Tutor Answer

Tutortitus
School: UT Austin

Find the completed assignment below. I will be glad to hear from you. Thank you

Running Head: CHIPMUNK COMPANY’S RATIOS

Chipmunk Company’s ratios
Name:
Course:
Institution:

1

CHIPMUNK COMPANY’S RATIOS

2

Chipmunk Company’s ratios

Liquidity ratio

Liquidity Ratios compared with industry average
2016
2015

Current Ratio
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑎𝑠𝑠𝑒𝑡𝑠
(
)
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑦
Quick Ratio
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 − 𝑖𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 − 𝑃𝑟𝑒𝑝𝑎𝑖𝑑
(
)
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠

(

$16,516,127
)
$7,149,557

= 2.310
$16,516,127 −
$13,524,349 −
$17,720
$7,149,557
(

Sales/Receivables
𝑛𝑒𝑡 𝑠𝑎𝑙...

flag Report DMCA
Review

Anonymous
Top quality work from this guy! I'll be back!

Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors