Complete the preliminary analytical procedures for the audit

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Reference no: EM131908654

Problem

Chapter 5 - Preliminary Analytical Procedures

Willis and Adams' staff prepared detailed ratio analysis, trends, and common size balance sheet and income statements based on EarthWear's unaudited financial statements. The procedures you perform will analyze the results of the computations and assess the overall financial condition of EarthWear. Preliminary Analytical Procedures

In this mini-case you will complete the preliminary analytical procedures for the audit of EarthWear Clothiers, Inc.

INSTRUCTIONS:

1 Review the ratio analyses contained on Work Paper 5-1. You can read the Advanced Module: Selected Financial Ratios in Chapter 5 of the text for a description of these ratios.You will be asked to provide further analyses of these ratios as you complete Work Paper 5-2.

2 Complete all the fields on Work Paper 5-2 indicated in yellow. Additionally, EarthWear Common-Size Financial Statements have been included to aid you in your decisions.

Fields you are to complete on work papers are colored yellow. The color will disappear when the field is completed.

3 Complete all the fields on Work Paper 5-3 indicated in yellow. Additionally, EarthWear Common-Size Financial Statements have been included to aid you in your decisions.

Fields you are to complete on work papers are colored yellow. The color will disappear when the field is completed.

Reference no: EM131908654

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