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00 8 Book Hint Print erences A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current

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00 8 Book Hint Print erences A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 9,023 29,905 11,324 163,000 79,000 Prior Year $ 12,968 18,752 10,815 110,000 116,000 (1) Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of days in the cash conversion cycle for each year. Note: Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle Current year days Prior year days

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