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A manufacturer reports the data below. Accounts payable $ 9,449 Accounts receivable 18, 274 Inventory 5, 255 Net sales 233, 407 Cost of goods sold
A manufacturer reports the data below. Accounts payable $ 9,449 Accounts receivable 18, 274 Inventory 5, 255 Net sales 233, 407 Cost of goods sold 138, 000 (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? 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. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days
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