Question: Moe Sahota is the controller of Forochar Ltd., whose year end is December 31. Sahota prepares cheques for suppliers in December and posts them to
Moe Sahota is the controller of Forochar Ltd., whose year end is December 31. Sahota prepares cheques for suppliers in December and posts them to the appropriate accounts in that month. However, he holds on to the cheques and mails them to the suppliers in January. What financial ratio(s) are most affected by the action? What is Sahota's purpose in undertaking the activity?
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