Please Complete A & B and show work!

(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 51.70 2015 54.87 Days of sales outstanding (DSO) 2016 47.17 2017 43.92 2018 43.59 (Round to two decimal places.) 2014 2015 2016 2017 2018 Days of sales in inventory (DSI) (Click on the following icon e in order to copy its contents into a spreadsheet.) 2014 4,329 613 SalesNet Receivables-Total Acounts payable Inventories-Total 2015 5,262 791 660 438 2016 7,985 1,032 694 636 2017 11,610 1,397 1,530 389 2018 18,465 2,205 2,459 364 435 331