The Robinson Company has the following current assets and current liabilities for these two years:

If sales in 2010 were $1.2 million, 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 cycles in each of these years? What caused them to change during this time?

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Cash and Marketable Securities Accounts Receivable Inventories Total Current Assets Accounts Payable Bank Loan Accruals Total Current liabilities 2010 $50.000 300,000 350,000 $700,000 S200,000 2011 S50,000 350,000 500,000 900.000 S250,000 150,000 200,000 S600,000 150,000 S350,000