(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 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.) 2011 2012 2013 2014 2015 Days of sales outstanding (DSO) X Data Table 2011 2012 2013 2014 2015 Sales-Net 2,825 3,462 5,285 7.775 12,304 Receivables-Total 421 530 722 924 1,460 299 449 452 1,044 1,627 Acounts payable Inventories-Total 234 316 427 247 260 rder to its contents