Question: The Robinson Company has the following current assets and curren

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


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 operating cycles and cash conversion cycles in each of these years? What caused them to change during this time?
View Solution:


Sale on SolutionInn
Sales0
Views150
Comments
  • CreatedAugust 26, 2013
  • Files Included
Post your question
5000