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 $ 8,548 Accounts receivable: 18,685 15,726 Inventory. 6,904 6,055 Not sales 220,186 205,000 Cost of goods sold 139,998 130,000