Current Year			Prior Year
Accounts payable, end of year	$	7,723		$	11,668
Accounts receivable, net, end of year		26,605			17,862
Inventory, end of year		10,024			9,415
Net sales		175,000			125,000
Cost of goods sold		87,000			118,000

(1) Use the information above to compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year?

Required 1 Required 2 Use the information above to compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.) Current year days Prior year days Cash conversion cycle