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12 A manufacturer reports the data below. 8.37 points Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 5,643

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12 A manufacturer reports the data below. 8.37 points Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 5,643 21,325 7,944 202,000 112,000 Prior Year $ 9,588 16,438 7,175 167,000 125,000 eBook " Hint (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. Print Required 1 Required 2 References Compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle Current year _ days Prior year days < Required 1 Required 2 >

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