This is Chapter 15 15-2 to help with the Problem 15-3 Need Help !!!!!!!!!!!!!!!! FIN 350 Introduction to Finance 14th Ed Ronald W. Melicher Chapter 15 15-2 Problem 2 The Robinson Company has 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 Acconts Payable 200,000 250,000 Bank Loan 0 150,000 Accurual 150,000 200,000 Total current liabilities $350,000 $600,000 If the sales in 2010 were $ 1.2 milion, 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 cysles in each of these year? What caused them to change during this time