(1) Use the information below to compute the number of days in the cash conversion cycle for each year. Round calculations to the nearest whole day.

(2) Did the company manage cash more effectively in the current year?

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Current Year Prior Year $ 4,603 $ 8,548 Accounts payable, end of year...... Accounts receivable, net, end of year. Inventory, end of year... Net sales .... 18,685 15,726 6,904 6,055 220,000 205,000 Cost of goods sold. 140,000 130,000