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A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Set sales Cost of goods sold Current Year Prior Year $ 5,383 $ 9,328
A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Set sales Cost of goods sold Current Year Prior Year $ 5,383 $ 9,328 20,665 16,260 7,684 206,000 117,000 6,895 175,000 126,000 (1) 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? 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 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 Required 2 > eports the data below. 53 Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 5,383 Current Year Prior Year $19,328 20,665 16,260 7,684 6.895 206,000 175,000 117,000 126,000 (1) 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? Complete this question by entering your answers in the tabs below. 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? Required 1
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