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Compute the number of days in the cash conversion cycle for each year. Note: Use 3 6 5 days in a year. Round calculations to
Compute the number of days in the cash conversion cycle for each year.
Note: Use days in a year. Round calculations to the nearest whole day.A manufacturer reports the data below.
Current Year Prior Year
Accounts payable $ $
Accounts receivable
Inventory
Net sales
Cost of goods sold
Compute the number of days in the cash conversion cycle for each year.
Did the company manage cash more effectively in the current year?
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