Question: Computing Cash Conversion Cycle for Two Years Winnebago Industries has the following metrics for a recent fiscal year. Amounts in DaysCurrent YearPrior YearDays sales outstanding

Computing Cash Conversion Cycle for Two Years
Winnebago Industries has the following metrics for a recent fiscal year.
Amounts in DaysCurrent YearPrior YearDays sales outstanding49.842.8Days inventory outstanding68.269.4Days payable outstanding32.332.3
Compute the cash conversion cycle for both years. What accounts for the change between the years?
Note: Do not round answers.
Current YearPrior YearCash conversion cycleAnswer 1Answer 2
Answer 3Days sales outstandingDays inventory outstandingDays payable outstanding is the main cause for the change between the years.

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