Prepare a two to three page report that addresses the requirements specified in the case for Parts 1 and 2. Include your calculations as part of your analysis and fully explain the results. Also, include a minimum of two current references to scholarly and/or authoritative sources.
Instructions
Your report must address all of the following:
1. Address the overall understanding of the retail and wholesale industries and
identified areas that impact financial reporting.
2. Analyze Cloud 9’s financial position and its business risks. Include ratios supporting
the business analysis.
3. Identify areas requiring special emphasis during the audit and potential problem
areas.
4. Address materiality in your response.
5. Use at least two current, quality academic or authoritative sources in this
assignment.
