Given Robinsons 2019 and 2020 financial information presented in problems 3 and 4, a) Compute its operating
Question:
Given Robinson’s 2019 and 2020 financial information presented in problems 3 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?
Data from Problem 3
The Robinson Company from Problem 2 had net sales of $1,200,000 in 2019 and $1,300,000 in 2020.
Data from Problem 4
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2019 and $1,200,000 in 2020.
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Related Book For
Introduction To Finance Markets, Investments, And Financial Management
ISBN: 978-1119561170
17th Edition
Authors: Ronald W. Melicher, Edgar A. Norton
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