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18 A manufacturer reports the data below. 2 points Skipped eBook Hint Print Accounts payable Accounts receivable Inventory Net sales Cost of goods sold
18 A manufacturer reports the data below. 2 points Skipped eBook Hint Print Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 5,123 20,005 7,424 210,000 123,000 Prior Year $ 9,068 16,082 6,615 183,000 127,000 (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. (Use 365 days in a year. Round calculations to the nearest whole day.) References Cash conversion cycle Current year days Prior year days < Required 1 Required 2 >
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