The president of Kelly Company is interested in determining how effective the company's new controller has been in controlling cash on hand. You have the following information available from the fiscal year preceding the new controller's arrival, and the current year:

Required:
Does it appear that the new controller has been effective in managing cash?

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Current Year Cash on hand Cash expenses s 5,479,296 83,138,408 Preceding Year s 6,123,704 99,748,943