Question: A manufacturer reports the data below. Current Year Prior Year Accounts payable $ 6,163 $ 10, 198 Accounts receivable 22, 645 16, 794 Inventory 8,464

 A manufacturer reports the data below. Current Year Prior Year Accounts

A manufacturer reports the data below. Current Year Prior Year Accounts payable $ 6,163 $ 10, 198 Accounts receivable 22, 645 16, 794 Inventory 8,464 7,735 Net sales 194, 809 153, 090 Cost of goods sold 163, 908 123, 090 (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 Prior year Cash conversion cycle 94 days 93 days

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