Exercise 22-20 (Static) Cash conversion cycle LO A4 A manufacturer reports the data below. Current Year Prior Accounts payable $ 4,603 Year $ 8,548 Accounts 18,685 15,726 receivable Inventory 6,904 6,055 Net sales 220,186 205,000 Cost of goods 139,998 sold 130,000 (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. Required Required 1 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. Current year Prior year Cash conversion cycle ee Required 1 days days Required 2 >