(Answered) : Learning Solutions Ltd is in the business of providing educational technological products to learning institutions and businesse

Learning Solutions Ltd is in the business of providing educational technological products to learning institutions and businesses worldwide and is listed on the Hong Kong Stock Exchange. However, recently, accounting scandals and fraud allegations have sent the company’s stock price crashing and forced the firm to seek bankruptcy prot ection. The following selected information is related to Learning Solutions Ltd’s sales and accounts receivable: 1 Consolidated revenue increased 184% from the 2015 fiscal year to the 2016 fiscal year. 2 Revenue in South Korea, which has a reputation of being a diffic ult market for foreign companies to enter, increased