Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

1) The Robinson Company has the present assets and present 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
Accounts payable                        $200,000   $250,000
Bank loan                                      0            150,000
Accruals                                     150,000      200,000
Total current liabilities                 $350,000     $600,000

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?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914555

Have any Question? 


Related Questions in Basic Finance

Ethical dilemma the irs tax code allows for the deduction

Ethical Dilemma. The IRS tax code allows for the deduction of expenses incurred in traveling to a job interview. Sean, Erica, and their two children have used this deduction to fund their vacations for the last eight yea ...

You have an absolutely brilliant child who is six years old

You have an absolutely brilliant child who is six years old and will be attending a private college in twelve years. You know that in twelve years a four-year college will cost at least $70,000 per year (total $280,000), ...

1 explain the origin and purpose of real estate investment

1. Explain the origin and purpose of Real Estate Investment Trusts. 2. Name three primary market lenders that are not subject to banking regulations. 3. Describe a warehouse line of credit and who may use it. 4. Are ther ...

1 do powerful studies minimize alpha or beta explain2 what

1. Do powerful studies minimize alpha or beta? Explain. 2. What information do researchers obtain from conducting a power analysis? 3. What would it mean if the effect size in an experiment was .25? .40? .OO?

1 some people purposely ignore a bill and put it out of

1. Some people purposely ignore a bill and put it out of their minds in order to avoid the stress associated with it. Other people pay their bills immediately because they worry that they might forget about paying them. ...

Your customer has a yoga studio when she started the

Your customer has a Yoga Studio. When she started the business, she got a loan for $5,000 to equip the studio. Interest is $75 per month and depreciation on the furnishing is $50 per month. She pays $1,000 per month in r ...

1 what is the difference between adaptive expectations and

1. What is the difference between adaptive expectations and rational expectations? 2. What is the efficient markets hypothesis? 3. According to the efficient markets hypothesis, are stock prices predictable? What is a ra ...

1 graphically explain cost-push and demand pull inflation2

1. Graphically explain Cost-push and Demand pull inflation. 2. What is meant by Effective Exchange rate? Explain with examples how Nominal and Real Effective exchange rate are measured in an economy. 3. Define Purchasing ...

1 should demand characteristics be eliminated or

1. Should demand characteristics be eliminated or strengthened in an experiment? Explain. 2. How do researchers detect and eliminate placebo effects? 3. What effect does error variance have on the results of an experimen ...

Assume that the heights of men are normally distributed

Assume that the heights of men are normally distributed with a mean of 67.3 inches and a standard deviation of 3.5 inches. If 100 men are randomly selected, find the probability that they have a mean height greater than ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro