Samantha CGA has been assigned to audit the accounts receivable and inventory of Tasty Treats Inc. a large distributor of food products (canned goods rice frozen foods). Tasty Treats Inc. has a December 31 year end. Tasty Treats Inc. imports a variety of food products from various European countries to its central warehouse in Halifax and distributes the goods to various grocery chains across Canada. Tasty Treats customers consist of two large national grocery chain operators as well as approximately 200 small independent grocers. The two large national grocers make up approximately 40% of Tasty Treats accounts receivable balance. In order to facilitate distribution to central Canada Tasty Treats Inc. also maintains inventory in several off-site warehouses. Samantha estimates that inventories and accounts receivable make up approximately 35% and 30% of total assets respectively.