If sales in 2010 were 12 million sales in 2011 were 13

Reference no: EM13478066

The Robinson Company has the following current assets and current liabilities for these two years.

	2010	2011
Cash and marketable securites	$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
Accurals	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 sot of goods sold was 70 percent of sales, how long were Robinson's operation cycles and cash conversion cycles in each of these years? What caused them to change during this time?

Reference no: EM13478066

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