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What is the Operating cycle of Robbie? What is the Net Cash Cycle of Robbie? LIQUIDITY RATIOS: Following are selected financial data from the records
What is the Operating cycle of Robbie?
What is the Net Cash Cycle of Robbie?
LIQUIDITY RATIOS: Following are selected financial data from the records of ROBBIE Corporation and RINGO Corporation as of year ended 12/31/2020: Robbie Corp. Ringo Corp. Net credit sales P 60 million P 120 million Cost of goods sold 20 million 45 million Net credit purchases 20 million 43 million Average trade receivables 4 million 4 million Average inventories 2 million 2 million Average trade payables 3.5 million 3.5 million Sales credit terms 2/10, n/30 2/10, n/30 Purchase credit terms 3/30, n/60 3/30, n/60 Determine the following for ROBBIE and RINGO Corporation for 2020
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