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How can a business protect against the kind of fraud

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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?

Requirements

Question 1. Was Frank's company hurt in any way by this fraudulent action?

Question 2. How could this action hurt Frank?

Question 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

Reference no: EM132709360

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