Compute for leslie fay the ratios shown in exhibit

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Reference no: EM13789426

1. Prepare common-sized financial statements for Leslie Fay for the period 1987-1991. For that same period, compute for Leslie Fay the ratios shown in Exhibit

2. Given these data, which financial statement items do you believe should have been of particular interest to BDO Seidman during the firm’s 1991 audit of Leslie Fay? Explain.

Reference no: EM13789426

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