Question: Exercise 22-18 Cash conversion cycle LO A4 Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost
Exercise 22-18 Cash conversion cycle LO A4 Accounts payable, end of year Accounts receivable, net, end of year Inventory, end of year Net sales Cost of goods sold Current Year Prior Year $ 6,943 5 10,888 24,625 17,328 9,244 3,575 184,000 137.000 94,000 120,000 MUse the information above to 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 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 Required 2 >
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