A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 4,603 18,685 6,904 220, 186 139,998 Required 1 Required 2 (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? Prior Year $ 8,548 15,726 6,055 Complete this question by entering your answers in the tabs below. Cash conversion cycle 205,000 130,000 Compute the number of days in the cash conversion cycle for each year. Note: Use 365 days in a year. Round calculations to the nearest whole day. Current year days Prior year

A manufacturer reports the data below. (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 tobs below. Compute the number of days in the cash conversion cycle for each year. Note: Use 365 days in a year, Round calculations to the nearest whole day