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I only need DAYS OF INVENTORY ANSWER. How to get to that answer see the correct answere below. (Cash conversion cycle) Historical data for the

I only need DAYS OF INVENTORY ANSWER. How to get to that answer see the correct answere below.

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(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. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) \begin{tabular}{llllll} & 2014 & 2015 & 2016 & 2017 & 2018 \\ \hline Days of sales in inventory (DSI) & 39.26 & 44.18 & 43.01 & 16.33 & 9.91 \\ \hline \end{tabular}

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