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A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 10,549 19,374 6,355 234,507 139,100 (1)
A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 10,549 19,374 6,355 234,507 139,100 (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 < Required 1 Required 2 >
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