Below is information relating to the inventory management of your audit client,Quick Sell.Using analytical procedures,identify any concerns you have about misstatements in the financial statements. $$\begin{array} { | l | l | l | l | }
\hline & 2008 & 2009 & \text { Industry Average } \
\hline \text { Inventory } & \$ 16,500 & \$ 26,250 &\$25,000 \
\hline \text { Inventory Turnover } & 12 & 9&18 \
\hline
\end{array}$$

Question

Below is information relating to the inventory management of your audit client,Quick Sell.Using analytical procedures,identify any concerns you have about misstatements in the financial statements. $$\begin{array} { | l | l | l | l | } 
\hline & 2008 & 2009 & \text { Industry Average } \
\hline \text { Inventory } & \$ 16,500 & \$ 26,250 &\$25,000 \
\hline \text { Inventory Turnover } & 12 & 9&18 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Below is information relating to the inventory management of your audit client,Quick Sell.Using analytical procedures,identify any concerns you have about misstatements in the financial statements. $$\begin{array} { | l | l | l | l | } 
\hline & 2008 & 2009 & \text { Industry Average } \
\hline \text { Inventory } & \$ 16,500 & \$ 26,250 &\$25,000 \
\hline \text { Inventory Turnover } & 12 & 9&18 \
\hline
\end{array}$$

Below Is Information Relating to the Inventory Management of Your