Identify and explain high inherent risk assertions.

In this assignment, you will prepare a two to three (2-3) page professional document that addresses the requirements specified in the case. Fully address each requirement and include at least two (2) current references to scholarly and/or authoritative sources.

Specifically you will be required to:
Calculate the required ratios for all given years.
Identify and explain high inherent risk assertions.

Analyze and draw conclusions about the nature and extent of tests of controls. 
Analyze and draw conclusions about the nature, timing, and extent of substantive procedures. 

Use at least two (2) current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources.