(Cash comversion cycie) Historical data for the firm's sales, accounts recolvable, imventories, and accounts payable for the Crimson Mifg. Company follow; a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. (Assume a 305 -tay yeat. Hint Assume that the fime's cose of goods soid equale 70% of saies.) What has Crimson accomplished in its atempts to bettor manage its imvestrients in account roceivable and imentory? b. Calculate Crimen's cash comersion oycie for each of the 5 years. Evaluate the ferris overal management of its working capital. Assurne a 365 -diny year. a. Calculate Crimson's days of sales outstanding. days of payables outstanding, and days of tales in inventery for each of the 5 years. Assume a 3e5-day yeac. Mint Assume that the firaris cost of goods nold equals 70% of soles. (Round to two decieval places.) Data table (Click on the following icon C in order to copy its contents into a spreadsheet.)