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Author Question: Which ratio do auditors find useful for assessing misstatements in sales, cost of goods sold, ... (Read 54 times)

tspaw0811

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Question 1

Which of the following ratios is not a measure of a company's short-term debt paying ability?
◦ accounts receivable turnover
◦ cash ratio
◦ current ratio
◦ quick ratio

Question 2

Which ratio do auditors find useful for assessing misstatements in sales, cost of goods sold, accounts receivable, and inventory?
◦ earnings per share
◦ profit margin
◦ gross profit percent
◦ current ratio


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Marked as best answer by tspaw0811 on Aug 21, 2022

rika06@comcast.net

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tspaw0811

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


vickyvicksss

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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