tate the follow-up procedures you would perform for each fluctuation to determine whether a material misstatement exists.
Your comparison of the gross margin percent for Jones Drugs for the years 2016 through 2019 indicates a significant decline. This is shown by the following information: 2019 2018 2017 2016Sales (thousands) $ 14,211 $ 12,916 $ 11,462 $ 10,351CGS (thousands) 9,223 8,266 7,313 6,573Gross margin $ 4,988 $ 4,650 $ 4,149 $ 3,778Percent 35.1 […]