Calculate materiality for the client, assuming that it is a profit-oriented company and moderate audit risk. Explain why you chose the base you did and why you chose the percentage. You may use guidelines from the textbook or the case study and should refer to the specific guidelines you used in your answer.      Current Year   Prior Year  Sales/revenue (net)    30,381,954   26,290,518 Expenses      7,263,786     6,519,376 Gross Margin      8,378,660     7,280,887 Pre-tax Income      1,114,873        761,510 Current Assets    18,993,546   16,966,273 Current Liabilities      8,221,991     6,810,164 Total Assets    19,679,541   17,670,625

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