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18 Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $
18 Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $ 6,683 23,965 8,984 187,000 96,000 Prior Year $ 10,628 17,150 8,295 142,000 121,000 2 points (1) Use the information above to 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? eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print Use the information above to 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.) Current year Prior year Cash conversion cycle days days Required 1 Required 2 Did the company manage cash more effectively in the current year? Did the company manage cash more effectively in the current year
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