The president of Kelly Company is interested in determining how effective the companys new controller has been in controlling cash on hand. You have the following information available from the fiscal year preceding the new controllers arrival, and the current year:Preceding Year$6,123,70499,748,943Required:Does it appear that the new controller has been effective in managing cash?The president of Kelly Company is interested in determining how effective the companys new controllerhas been in controlling cash on hand. You have the following information available from the…
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