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Prepare common-sized financial statements for Leslie Fay for the period 1987 1991. For that...

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Accounting

Prepare common-sized financial statements for Leslie Fay for the period 1987 1991. For that same period, compute for Leslie Fay the ratios shown in Exhibit 2. Given these data, which financial statement items do you believe should have been of particular interest to BDO Seidman during that firm's 1991 audit of Leslie Fay? Explain.

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