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If sales in 2010 were 12 million sales in 2011 were 13

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

2010 2011

  • Cash and marketable securities 50k 50k
  • Accounts Receivable 300k 350k
  • Inventories 350k 500k
  • Total Current assets 700k 900k
  • Accounts Payable 200k 250k
  • Bank Loan 0 150k
  • Accruals 150k 200k
  • Total current liabilities 350k 600k

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?

Reference no: EM13597210

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