Which of the following discoveries through the use of analytical - ProProfs Discuss
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Which of the following discoveries through the use of analytical procedures would indicate a relatively high risk of financial failure?

A decline in gross margin percentages; An increase in the balance in fixed assets; An increase in the ratio of allowance for uncollectible accounts to gross accounts receivable, while at the same time accounts receivable turnover also decreased; A higher than normal ratio of long-term debt to net worth as well as a lower than average ratio of profits to total assets

Asked by Kosdaisy, Last updated: Mar 22, 2024

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John Smith

John Smith

John Smith
John Smith

Answered May 17, 2017

A higher than normal ratio of long-term debt to net worth as well as a lower than average ratio of profits to total assets.
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