This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Show two decimals. b. How much cash was used or provided (specify which) by the cash cycle in fiscal 2006? 3. Baichung Bhutia Corporation (BB Corp.) is a sporting goods manufacturer and distributor. Selected financial data from the past three years is shown. BB Corp. is attempting to improve its cash cycle by modifying its inventory policies. Based upon the data provided, has BB Corp. been successful in this endeavor? Provide calculations and numbers to justify your answer. 2008 2007 2006 Net Sales (total) $27,471,000 $24,156,000 $21,984,000 Sales (credit sales only) $9,450,000 $7,890,000 $6,734,000 Cost of Goods Sold $19,080,000 $16,490,000 $14,230,000 Beginning Inventory $4,345,000 $3,900,000 $3,756,000 Ending Inventory $4,500,000 $4,345,000 $3,900,000 Cash $2,143,678 $2,190,467 $2,089,345 From the textbook: E5-1, E5-9, P5-3A, P5-7B...
View Full Document
- Fiscal Year, Generally Accepted Accounting Principles, cash cycle, BB Corp.