A manufacturer reports the data below.

Accounts payable	$ 10,849
Accounts receivable	19,674
Inventory	6,655
Net sales	234,807
Cost of goods sold	139,400

(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?

Compute the number of days in the cash conversion cycle. (Use 365 days in a year. Round calculations to the nearest whole day.)

Cash conversion cycle

days

Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?

Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?