Exercise 24-20 (Algo) Cash conversion cycle LO A4 A manufacturer reports the data below. Current Year Prior Year Accounts payable 5 6,683 $ 10,628 Accounts receivable 23,965 17,150 Inventory 8,984 8,295 Net sales 187,000 142,000 Cost of goods sold 96,000 121,000 (1) 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Cash conversion cycle --- Required 2 > Exercise 24-20 (Algo) Cash conversion cycle LO A4 A manufacturer reports the data below. Current Year Prior Year Accounts payable $ 6,683 $ 10,628 Accounts receivable 23,965 17,150 Inventory 8,984 8,295 Net sales 187,000 142,000 Cost of goods sold 96,000 121,000 (1) 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? Complete this question by entering your answers in the tabs below. Requiredl Requiredz Did the company manage cash more effectively in the current year? Did the company manage cash more effectively in the current year? _