The president of Kelly Company is interested in determining how effective the companys newcontroller 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: Current Year Preceding Year Cash on hand $ 5,479,296 $ 6,123,704 Cash expenses 83,138,408 99,748,943 Required: Does it appear that the new controller has been effective in managing cash?