The Robinson Company has the following current assts and curent liabilities for

Question

The Robinson Company has the following current assts and curent liabilities for these years: 2010 2011 Cash and Marketabale securities $50,000 $50,000 Accounts receivable 300,000 350,000 Inventories 350,000 500,000 Total current assets $700,000 $900,000 Accounts payable $200,000 $250,000 Bank Loan 0 150,000 Accruals 150,000 200,000 Total Urrent liabilities $350,000 $600,000 If sales in 2010 were $1.2 million, sales in 2011 were $1.3 million, and cost of goods sold wer 70 percent of sales, how long were Robinson's operating cycles and cash conversion cycles in each of these years? What casued them to chage during this time?

Explanation / Answer

business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point already include some of the expected improvement of the business fundamentals The Robinson Company had the following current assets and curren Price: $12.50 1.) The Robinson Company had the following current assets and current liabilities for these two years: 2010 2011 Cash and Marketable Securities $50,000 $50,000 Accounts Receivable 300,000 350,000 Inventories 350,000 500,000 Total Current Assets $700,000 $900,000 Accounts Payable $200,000 $250,000 Bank Loan 0 150,000 Accruals 150,000 200,000 Total Current liabilities $350,000

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