The Robinson Company has the current assets and current liabilities for the two years listed in the
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The Robinson Company has the current assets and current liabilities for the two years listed in the text. If sales in 2019 were $1.2 million and sales in 2020 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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Both the OC and CCC rose in 2020 primarily because of a ...View the full answer
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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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