ACC 206 Week 2 DQ and Case 14-1
The Statement of Cash Flows. From Chapter 14, Fraud Case 14-1.
Financial Statement Analysis. Discuss what high current ratios indicate and why are businesses with extremely high current ratios (example: 25.0) at risk? Explain what a high accounts receivable turnover indicates to a business?
Fraud Case 14-1
Requirements
1. Was Frank’s company hurt in any way by this fraudulent action?
2. How could this action hurt Frank?
3. How can a business protect against this kind of fraud?
Discuss what high current ratios indicate and why are businesses with extremely high current ratios (example: 25.0) at risk? Explain what a high accounts receivable turnover indicates to a business?
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