Research and define the common ratios (listed directly below) which may be used to analyze financial statements when attempting to detect fraudulent activity. Discuss how each of these 4 ratios can be used to detect fraud. Be sure to use and cite one resource for the initial threaded discussion. The resource may include the textbook used in this class. 1
1st Ratio: Current Ratio
2nd Ratio: Bad Debt Percentage Ratio
3rd Ratio: Sales Return Percentage
4th Ratio: Cost of Goods Sold Percentage