Accounts payable, end of year	$	9,803		$	13,748
Accounts receivable, net, end of year		31,885			19,286
Inventory, end of year		12,104			11,655
Net sales		157,000			104,000
Cost of goods sold		76,000			115,000

(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?

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
Cash conversion cycle		days		days