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Problem 5 (10 Points) Mega Pc, Inc. has been striving for the last five years to improve its management of working capital. Historical data fir
Problem 5 (10 Points) Mega Pc, Inc. has been striving for the last five years to improve its management of working capital. Historical data fir the firm's sales, accounts receivable, inventories, and accounts payable follow: Item Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Sales- Net 2,873 3,475 5,296 7,759 12,327 Receivables - Total 411 538 726 903 1,486 Accounts Payable 283 447 466 1,040 1,643 Inventories 220 293 429 251 233 COGS 2,011 2,433 3,707 5,431 8,629 A. Calculate Mega's days of sales outstanding, days of sales in inventory for each of the five years. What has Mega accomplished in its attempts to better manage its investments in accounts receivable and inventory? B. Calculate Mega's cash conversion cycle for each of the five years. Evaluate Mega's overall management of its working capital
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