(a) (i) ½ mark per ratio calculation per year
Operating margin
Inventory days
Payable days
Current ratio
Quick ratio 3
(ii) Up to 1 mark per well explained audit risk, maximum of 6 marks for risks and up to 1 mark
per audit response, maximum of 6 marks for responses
Management manipulation of results
Sales cut-off
Revenue growth
Misclassification of costs between cost of sales and operating
Inventory valuation
Receivables valuation
Going concern risk 
12