Fund of Bus Finance - 13015.202210 Question 5, Problem 15-... Part 2 of 5 HW Score: 42.38%, 4.24 of 10 points Points: 0.24 of 1 (Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follow: a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. (Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its atempts to better manage its investments in account receivable and inventory? b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year. a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales. (Round to two decimal places.) 2016 2017 Days of sales outstanding (DSO) 2014 51.96 2015 54.96 46.10 41.46 (Round to two decimal places.) 2014 2015 2016 2017 Days of sales in inventory (DSI) Data table - (Click on the following icon in order to copy its contents into a spreadsheet.) 2014 2015 2016 2017 Sales-Net 4,355 5,253 7,925 11,612 Receivables-Total 620 791 1,001 1,319 Acounts payable 443 688 681 1,525 Inventories-Total 343 443 657 384 2018 18,499 2,260 2,453 352