Identify the control that is most likely to prevent the concealment of a cash shortage
resulting from the improper write-off of a trade account receivable:
(1) write-offs must be approved by a responsible offi cial after review of credit department
recommendations and supporting evidence.
(2) write-offs must be approved by the accounts receivable department.
(3) write-offs must be authorized by the shipping department.
(4) write-offs must be supported by an aging schedule showing that only receivables
overdue by several months have been written off.

Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x.xx%)