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Prior Year Current Year Accounts payable, end of year Accounts receivable, net, end of year $10,628 6,683 23,965 8,984 187,000 96,000 17,150 8,295 Inventory, end
Prior Year Current Year Accounts payable, end of year Accounts receivable, net, end of year $10,628 6,683 23,965 8,984 187,000 96,000 17,150 8,295 Inventory, end of year Net sales 142,000 121,000 Cost of goods sold (1) Use the information above to 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 Use the information above to 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 Prior year days days Cash conversion cycle
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