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Consider the following: White Bluffs, Inc.

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There is 8 advanced managerial finance multiple answer questions.

1. Consider the following: White Bluffs, Inc. Balance Sheet December 31, 2003 ASSETS Current Assets Cash $ 1,524 Accounts Receivable 3,779 Inventories 7,280 $12,583 Plant and Equipment (Net) 26,979 Other Assets 1,110 Total Assets $40,672 LIABILITIES Current Liabilities Bank Loan $ 4,260 Accounts Payable 2,754 Current Portion LTD 750 Total Current Liabilities $ 7,764 Long Term Debt 9,750 Common Stock 6,000 Retained Earnings 17,158 Total Liabilities & Shareholders Equity $40,672 White Bluffs, Inc. Income Statement December 31, 2003 Net Sales $44,466 Cost of Goods Sold 28,461 Gross Profit $16,005 Depreciation 2,469 Selling, Gen'l & Admin. Exp. 9,147 Operating Margin $ 4,389 Interest Expense 1,106 Earnings Before Taxes $ 3,283 Income Taxes 1,159 Net Income $ 2,124 Dividends 1,200
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Retained Earnings $ 924 What is the inventory period for White Bluffs, Inc. (use year end inventory in your calculation). Answer 59.8 days 166 days 65.33 Days 93.4 Days 2. Consider the following: White Bluffs, Inc. Balance Sheet December 31, 2003 ASSETS Current Assets Cash $ 1,524 Accounts Receivable 3,779 Inventories 7,280 $12,583 Plant and Equipment (Net) 26,979 Other Assets 1,110 Total Assets $40,672 LIABILITIES Current Liabilities Bank Loan $ 4,260 Accounts Payable 2,754 Current Portion LTD 750 Total Current Liabilities $ 7,764 Long Term Debt 9,750 Common Stock 6,000 Retained Earnings 17,158
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1.
Consider the following:
White Bluffs, Inc.
Balance Sheet
December 31, 2003
ASSETS
Current Assets
Cash
Accounts Receivable
Inventories
Plant and Equipment (Net)
Other Assets
Total Assets $ 1,524...

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