Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 20 0 and $1,200,000 in 2011. 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 $600,000 a. Calculate the inventory turnover for each year. Comment on your ?ndings. b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained