net sales of $1,300,000 in 2011.
cost of goods sold of $1,200,000 in 2011.
Robinson expects its 2012 sales and cost of goods sold to grow by
20 percent over their 2011 levels.
a. What will be the affect on its levels of receivables, inventories,
and payments if the components of its cash conversion
cycle remain at their 2011 levels? What will be its net investment
in working capital?
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