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A manufacturer reports the data below. Accounts payable $ 10,649 Accounts receivable 19,474 Inventory 6,455 Net sales 234,607 Cost of goods sold 139,200 (1) Compute
A manufacturer reports the data below. Accounts payable $ 10,649 Accounts receivable 19,474 Inventory 6,455 Net sales 234,607 Cost of goods sold 139,200 (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
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