This is from page 243, the first page of Chapter 8. Read this and then post your reflection on this and post a response to someone else's post. Do you think that companies such as Bed Bath & Beyond pay their bills at the last possible minute? Why or why not? ===================================================================================== Bed Bath & Beyond is a retailer with inventory of a wide selection of domestic merchandise and home furnishings. Starting out, it sold a limited selection of merchandise at its store in Springfield, New Jersey, then called Bed n Bath. In response to growing competition in the domestics market, the number of products offered was increased in 1985 and the name was changed to Bed Bath & Beyond. It has since grown to operate several subsidiaries and has further expanded its product selection to include specially commissioned, limited-edition items from emerging fashion and home designers and has expanded its customer base to include institutional customers in the hospitality, cruise line, health care, and other industries. Bed Bath & Beyond is committed to serving its customers and is dedicated to continually increasing the convenience of its shopping experience and selection of merchandise. It offers extensive breadth, depth, and differentiation of its merchandise to better engage its customers, whatever their interests. Its products can be viewed and purchased in-store, online, and through a mobile device, and it offers in-store pickup or direct shipping. For the twelve-month fiscal year ended March 3, 2018, Bed Bath & Beyond reported sales of nearly $12.35 billion, amounting to an increase of 1.09 percent from the twelve months ended February 25, 2017. The company purchased merchandise from approximately 11,100 suppliers in its fiscal year ended March 3, 2018, making meticulous recordkeeping of purchases and accounts payable imperative. Knowing amounts due to vendors and payment due dates enables the company to effectively manage its cash flow