(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 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. - Data Table (Click on the following icon o in order to copy its contents into a spreadsheet.) SalesNet ReceivablesTotal Acounts payable InventoriesTotal 2014 4,362 606 430 344 2015 5,298 791 664 444 2016 7,944 1,002 689 649 2017 11,651 1,382 1,574 379 2018 18,443 2,249 2,412 363