Exercise 24-20 Cash conversion cycle A4 A manufacturer reports the data below. (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? Current Year Prior Year Accounts payable. $ 4,603 Accounts receivable. 18,685 $ 8,548 15,726 Inventory.. 6,904 6,055 Net sales. 220,186 205,000 Cost of goods sold. 139,998 130,000