(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 cyde 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 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. (Round to two decimal places) 2014 2015 Days of sales outstanding (DSO) 2016 2017 2018 AN 6 Data Table (Click on the following icon in order to copy its contents into a spreadsheet) 2016 7930 Sales-Net Receivables Total Acounts payable Inventores Total 2014 4321 628 430 327 2015 5256 796 674 456 1032 692 658 2017 11,635 1,378 1516 369 2018 18,432 2.300 241 364 Print Done