Exercise 1-4 ethics and the manager richmond inc. operates a

richmond inc. operates a chain of 44 department stores. two years ago, the board of directors of richmond approved a large scale remodeling of its stores to attract a more upscale clientele.before finalizing plans, two stores were remodeled as a test. linda perlman, assistant controller, was asked to oversee the financial reporting for these test stores, and she and other management personnel were offered bonuses based on the sales growth and profitability of these stores. while completing the financial reports, perlman discovered a sizeable inventory of outdated goods that should have been discounted for sale ……