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

*label*Business Finance

*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

- 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.)
- 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

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...

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