Do any of the fluctuations in the computed ratios indicate a possible material misstatement? Demonstrate this by using the spreadsheet program to perform a sensitivity analysis.
The following are sales, cost of sales, and inventory data for Aladdin Products Supply Company, a wholesale distributor of cleaning supplies. Dollar amounts are in millions. In-class Discussion Required Required 726Part 4 / APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES 2019 2018 2017 2016 Sales $92.8 $86.8 $78.4 $69.6 Cost of sales 68.9 67.2 […]