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Part F (10 points) Bobby is accounting manager of Home Depot, home building materials retailer whose year-end is December 31. He prepares checks for suppliers
Part F (10 points) Bobby is accounting manager of Home Depot, home building materials retailer whose year-end is December 31. He prepares checks for suppliers in December, makes the proper journal entries, and posts them to the appropriate accounts in that month. However, he holds on to the checks and mails them to the suppliers in January. Required: 1. What financial ratios are most affected by the action? 2. Through this activity, what would Bobby want to achieve?
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