better understands the business and can determine where to concentrate his audit efforts. As part...
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better understands the business and can determine where to concentrate his audit efforts. As part of Arthur's audit of The Home Improvement Store, he performed analytical procedures by calculating the following ratios and obtaining related industry data. Required: a. Indicate the potential risks the ratio and/or historical patterns may present. b. Indicate a plausible explanation for why The Home Improvement Store's ratios or historical patterns differ from those of the industry
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