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Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $ 9,283

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Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year $ 9,283 30,565 11,584 161,000 78,000 Prior Year $ 13,228 18,930 11,095 108,000 116,000 (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 Cash conversion cycle days days Raque Required 2 >

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