Question: NEED HELP! please answer ALL PARTS- Every year listed as well as ALL PARTS A and ALL PARTS B!!!! So I can answer all FOUR
(Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follow: a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. (Assume a 365-day year. Hint Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its atempts to better manage its investments in account receivable and inventory? b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year. a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales. (Round to two decimal places.) 2014 016 2017 2018 Days of sales outstanding (DSO) Data Table (Click on the following icon Sales-Net Receivables-Total Acounts payable Inventories-Total in order to copy its contents into a spreadsheet.) 2014 2015 2016 2017 4,351 219 7,990 11,607 791 1.090 1,378 678 7101 ,553 433 659 389 2018 18,487 2.288 2,494 369 Done Enter your answer in the edit fields and then click Check Answer, A parts 4 remaining Clear All Check
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