Question

Given Robinson's 2010 and 2011 financial information presented in problems 2 and 4.
a) Compute its operating and cash conversion cycle in each year.
b) What was Robinson's net investment in working capital each year? The Robinson Company has the following current assets and current liabilities for these two years:
2010 2011
Cash & 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



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  • CreatedSeptember 19, 2013
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