(Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable f or 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) Data Table Sales-Net Receivables-Total Acounts payable Inventories-Total (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) 2011 2,825 428 285 223 2012 3,472 541 448 303 2013 5,206 737 472 420 2014 7,770 904 1,022 258 2015 12,360 1,437 1,600 235