The Robinson Company has the current assets and current liabilities for the two years listed in the

Question:

The Robinson Company has the current assets and current liabilities for the two years listed in the text. If sales in 2013 were $1.2 million and sales in 2014 were $1.3 million and cost of goods sold were 70 percent of sales, how long were Robinson’s operating cycles and s in each of these years? What caused them to change during this time?
Cash Conversion Cycle
Cash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,...