Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follow: LOADING.... 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 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its atempts to better manage its investments in account receivable and inventory? b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year.

2011 2012 2013 2014 2015 Sales 2,861 3,487 5,264 7,705 12,326 Receivables 410 527 728 901 1,425 Acounts payable 270 454 475 1,045 1,606 Inventories 220 315 414 249 257