Smith Company, a CPA firm, conducted an audit for the 2020 financial statements of Sara Corporation. The auditors made a comparison of current-year amounts with prior-year amounts. This is an example of the following audit procedure: * O Confirmation O Observation OInquiry Analytical procedures None of the above

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The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer…