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Current YEar Prior Year accounts payable, end of year $ 5,123 $ 9,663 accounts receivable, net, end of year 26,665 16,662 Inventory, end of year

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Current YEar Prior Year accounts payable, end of year $ 5,123 $ 9,663 accounts receivable, net, end of year 26,665 16,662 Inventory, end of year ?,424 6,615 Net sales 216,666 163,666 Cost of goods sold 123,666 12?,666 [1} Use the information above to compute the number of days in the cash conversion cycle for each year. [2} Dicl the company manage cash more effectively in the current year? CIJII'IJIEIBE lis queslion by entering your answers 'll lne labs below. Use the inforrnaon above to compute the number of days in the cash conversion cycle for each year. [Use 365 days in a year. Round calculaons to the nearest whole day.) -m

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