(Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. 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 365-day year. Hint Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its attempts 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.

a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales

(Cashconversion cycle) Historical data for the firm's sales, accounts receivable, Inventories, and accounts payable for the Crimson Mig Company follow a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 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 years. Evaluate the firm's overall management of its working capital. Assume a 365-day your 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 front of goods sold equals 70% of sales. (Round to two decimal places.) 2011 2012 2013 2014 2015 Days of als outstanding (DSO) Data Table 2012 2013 2014 2015 3.473 7720 12365 525 910 1.424 456 1,040 200 243 of the above in order to contents 2011 Sales Net 2.839 Receivables-Total 407 Acounts payable 271 InventorTotal 237 Car on the booted on the right.com into read 1,549