What was robinsons net investment in working capital
Given Robinson's 2010 and 2011 financial information presented in problems 2 and 4,
a. Compute its operating and cash conversion cycle in each year.
b. What was Robinson's net investment in working capital each year?
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Wolford Company borrowed $750,000 from U.S. Bank on January 1, 2009 in order to expand its mining capabilities. The five-year note required annual payments of $195,327.
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