Reference no: EM13292627
The Robinson Company has the following current assets and current liabilities for these two years:
2010 2011
Cash and marketable securities $50,000 $50,000
Accounts receivable 300,000 350,000
Inventories 350,000 500,000
Total current assets 700,000 900,000
Accounts payable 200,000 250,000
Bank loan 0 150,000
Accruals 150,000 200,000
Total current liabilities 350,000 600,000
If sales in 2010 were $1.2 million, sales in 2011 were $1.3 million, and cost of goods sold was 70 percent of sales, how long were Robinson's cycles and cash conversion cycles in each of these three years? What caused them to change during this time?
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: If sales in 2010 were $1.2 million, sales in 2011 were $1.3 million, and cost of goods sold was 70 percent of sales, how long were Robinson's cycles and cash conversion cycles in each of these three years? What caused them to change during this ti..
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