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

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 cash conversion cycles in each of these years? What caused them to change during this time?

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