Chapter 9 question 18

Check 18 Current Year Prior Year Accounts payable, end of year $ 6,683 $ 10, 628 Accounts receivable, net, end of year 23,965 17, 150 Inventory, end of year 8,984 8,295 Net sales 187, 000 142, 000 Cost of goods sold 96, 000 121, 000 points (1) Use the information above to compute the number of days in the cash conversion cycle for each year. eBook (2) Did the company manage cash more effectively in the current year? Hint Complete this question by entering your answers in the tabs below. Print 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 Cash conversion cycle days days Mc Graw