2. The Robinson Company has the following current assets and current liabilities

Question

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
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

Explanation / Answer

please ask the questions seperately,,,u will get positive responses

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