Isn't the Cash Conv. Cycle: acct. payable/COGS x 365?

A manufacturer reports the data below. Current Year Prior Year Accounts payable $ 7,283 $ 11,148 Accounts receivable 25,285 17,506 Inventory 9,584 8,855 Net sales 181,000 133,eee Cost of goods sold 91,080 128,eee (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.) Current year 28 days Prior year days Cash conversion cycle Required Required 2 >