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A manufacturer reports the data below. Accounts payable Accounts receivable $9,349 18,174 Inventory 5,155 Net sales 233,307 Cost of goods sold 137,900 (1) Compute
A manufacturer reports the data below. Accounts payable Accounts receivable $9,349 18,174 Inventory 5,155 Net sales 233,307 Cost of goods sold 137,900 (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 Required 2 Compute the number of days in the cash conversion cycle. (Use 55 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days Required 1 Required 2 >
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