Financial ratios of crazy eddie

Crazy eddie went public in 1984 and a long-lasting financial statement fraud was not discovered until 1987 due to its notoriousness and multifacetedness, the case is engaging and provides many learning opportunities for accounting students. Compute key ratios and other financial measures for crazy eddie during the period 1984-1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk. Search results for 'crazy eddie case questions 1 compute key ratios a' crazy eddie auditing case 1 analyzing key ratios during the period 1984-1987 points out several red flags that an auditor should have noticed. Crazy eddie had been skimming cash for years, and inflated its stock price by adding imaginary stock and falsifying accounts to make it look like sales were surging.

By examining the ratios, i have determined that there were some items in crazy eddie’s financial statements that posed a higher-than-normal level of audit risk. Crazy eddie case essays1 compute key ratios for period 1984-1987 inventory turnover 458 39 325 25 the inventory turnover rate steadily declines from 1984-87, which could indicate, lost sales misstatements of inventory or cost of goods sold could be possible it also indicates employee strik. Crazy eddie electronics was a regional electronics chain in new york city that was failed due to massive fraud committed by its management the company appeared to be bulletproof and invisible on wall street but soon resulted in huge losses to many investors and employees of the retail chain. Search results for 'crazy eddie case questions 1 compute key ratios and other financial measures for crazy eddie during the period 1984 1987' forecasting and key ratios for mcdonald's corporation.

Crazy eddie facts in 1984, crazy eddie went public it took the underwriting firm more than a year to publicly offer the stock as they found the company’s financial records to be in disarray crazy eddie facts, cont’d once public, antar strived to convince the world that his firm was financially strong and well managed. Compute key ratios and other financial measures for crazy eddie during the period 1984-1987 the falsification of inventory count sheets ans7 days98 to 1 37680: key ratios: 19876837 0. Compute key ratios and other financial measures for crazy eddie during the period 1984–1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk. The ratio show how aggressive crazy eddie was in financing their debt the major red flag that i see with the ratios is the collection of accounts receivables in days which well below industry average. Crazy eddie financial analysis 3/3/12 after computing the common size financial statements and financial ratios, i found many reasons why crazy eddie incorporated should have been considered a high risk audit.

The new management of crazy eddie inc has disclosed that federal criminal and civil investigations have found that all the company's financial statements before last november are inaccurate. Thecrazyeddiefraud magnitudewouldprobablyrequirecloserscrutinyespeciallyattheratethat salesareincreasingwas the. Compute key ratios and other financial measures for crazy eddie during the period 1984-1987identify and briefly explain the red flags in crazy eddies financial statements that suggested the firm posed a higher-than-normal level of. Crazy eddie was know for marketing advertising antics in 1972 antar hired radio personality know as dr jerry as crazy eddie’s advertising spokesman discounting policy was the theme to the campaigns promising to refund the difference of the selling price and lower retail price with the 30 days of purchase. The importance of understanding the clients industry in the case of crazy eddie, inc, understanding the clients industry was of utmost importance in detecting errors and misstatements in the financial statements.

Upon analysis of crazy eddie’s ratios and financial statements there were several red flags that suggested the firm posed a higher-than-normal level of audit risk analysis of the. Ex 3 -- ch 12 study play 1 which of the following is not an example of financial statement fraud scott undertakes a scheme to boost the balance sheet by faking inventory the analysis of what financial ratio would most likely bring this scheme to light a 33 in one of the cases in the textbook, eddie antar, the ceo of the crazy. The analysis of what financial ratio would most likely bring this scheme to light inventory turnover in one of the cases in the textbook, eddie antar, the ceo of the crazy eddie electronic stores in the new jersey area, took fraud to a higher level. Essay crazy eddie crazy eddie case questions 1 compute key ratios and other financial measures for crazy eddie during the period 1984-1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk.

Financial ratios of crazy eddie

financial ratios of crazy eddie Inside the mind of a financial criminal : planet money on today's planet money, we get the inside scoop on the crazy eddie scam of the 70's and 80's from sam antar, crazy eddie's cfo.

Crazy eddie’s had a higher-than-normal level of audit risk that could be determined by completing a ratio analysis of the financial statements a ratio analysis that provided the key ratios over the period of 1984 to 1987 would have resulted in many area’s that exposed the red flags associated with crazy eddie’s. Here begins the crazy eddie story my name is sam e antar i started working at crazy eddie as a stock boy in 1971 and was eventually promoted to its chief financial officer or cfo i was ousted from the company in a hostile takeover in 1987 eddie antar is my cousin eddie's father, also named sam, is my. Crazy eddie, inc audit case 1 compute key ratios and other financial measures for crazy eddie during the period 1984-1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk.

  • 1compute key ratios and other financial measures for crazy eddie during the period 1984-1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk.
  • Crazy eddie limped along for another year before being liquidated to pay creditors eddie antar, the ceo of crazy eddie, was charged with securities fraud and other crimes, but fled before his trial.
  • Compute approximately 6 key financial ratios that would highlight financial risks and concerns of having an investment in crazy eddie, inc the ratios can be calculated from the balance sheets and income statements that are contained within the case.

Free essays on crazy eddie ratios search a dirty place tradegiesthe play is about an italian family, the carbones and centres around eddie carbone in particular he lives in a small apartment with his wife beatrice and her niece catherine who they both treat as a daughter. Compute key ratios and other financial measures for crazy eddie during the period 1984-1987 identify and briefly explain the red flags in crazy eddie’s financial statements that suggested the firm possess a higher-than-normal level of audit risk.

financial ratios of crazy eddie Inside the mind of a financial criminal : planet money on today's planet money, we get the inside scoop on the crazy eddie scam of the 70's and 80's from sam antar, crazy eddie's cfo. financial ratios of crazy eddie Inside the mind of a financial criminal : planet money on today's planet money, we get the inside scoop on the crazy eddie scam of the 70's and 80's from sam antar, crazy eddie's cfo. financial ratios of crazy eddie Inside the mind of a financial criminal : planet money on today's planet money, we get the inside scoop on the crazy eddie scam of the 70's and 80's from sam antar, crazy eddie's cfo.
Financial ratios of crazy eddie
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