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Question: need the answers as soon as possible due in 2...

Question details

Need the answers as SOON as possible, due in 2 hours and 15 mins

Furberry Ltd is a high-end department store for designer pet clothes and accessories. The following is an extract from their financial statements:

Assets: Year 1 Year 2  Year 3
Cash $1,000 $1,200 $1,500
Account Receivable 250 600 900
Inventory 900 1,800 2,700
Plant, Property and Eqiupment  1,700 1,800 2,000
Notes Receivable 500 550 600
Question 1

Perform horizontal analysis on the above figures. [5 marks]

 

 

 

please note:There is no need to show your working out. please label which change in horizontal analysis 

 

 
Question 2

Based on your horizontal analysis, discuss the red flags, how these could be further investigated and possible non-fraudulent explanations for these.  [5 marks]

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