2014		2015		2016		2017		2018
SalesNet	4349		5,234		7,937		11,651		18,457
Receivables-Total	621		809		1,063		1,332		2,204
Acounts payable	436		683		705		1,600		2,465
Inventories--Total	327		457		635		379		352

Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follow:

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.a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years.

(Assume

a 365-day year.

Hint:

Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its attempts to better manage its investments in account receivable and inventory?

b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year.

a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales.

DSO:

A.2014

B.2015

C.2016

D.2017

E.2018