8 Exercise 22-20 (Algo) Cash conversion cycle LO A4 A manufacturer reports the data below. 10...

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8 Exercise 22-20 (Algo) Cash conversion cycle LO A4 A manufacturer reports the data below. 10 points Accounts payable Accounts receivable Inventory Net sales eBook Hint Cost of goods sold Current Year Prior Year $ 9,023 $ 12,968 29,905 18,752 11,324 10,815 163,000 110,000 79,000 116,000 (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. References Required 1 Required 2 Compute the number of days in the cash conversion cycle for each year. Note: Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle Current year days Prior year days < Required 1 Required 2 8 Exercise 22-20 (Algo) Cash conversion cycle LO A4 A manufacturer reports the data below. 10 points Accounts payable Accounts receivable Inventory Net sales eBook Hint Cost of goods sold Current Year Prior Year $ 9,023 $ 12,968 29,905 18,752 11,324 10,815 163,000 110,000 79,000 116,000 (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. References Required 1 Required 2 Compute the number of days in the cash conversion cycle for each year. Note: Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle Current year days Prior year days < Required 1 Required 2