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Cash and marketable securities $ 50,000 $ 50,000Accounts receivable 300,000 350,000Inventories 350,000 500,000Total current assets $700,000 $900,000Accounts payable $200,000 $250,000Bank loan 0 150,000Accruals 150,000 200,000Total current liabilities $350,000 $600,000Suppose the Robinson Company had a cost of goods sold of$1,000,000 in 2010 and $1,200,000 in 2011.Compute its operating and cash conversion cycle in each year.b. What was Robinson’s net investment in working capital eachyear?
Cash and marketable securitiesAccounts receivableInventoriesTotal current assetsAccounts payableBank loanAccrualsTotal current liabilities Net salesCOGSNet Investment in working capital…
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