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Accounts payable, and of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $ 7,203

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Accounts payable, and of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $ 7,203 25,285 9,504 181,000 91,000 Prior Year $ 11,148 17,506 8,855 133,000 120,000 (1) Use the information above to 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 Use the information above to 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 days Cash conversion cycle days Required 2 > Accounts payable, end of year Accounts receivable, net, end of year Inventory, and of year Net sales Cost of goods sold Current Year $ 7,203 25,285 9,504 181,000 91,000 Prior Year $ 11,148 17,506 8,855 133,000 120,000 (1) Use the information above to 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?

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