Question: Please help me solve this problem and explain step by step. thankyou! A manufacturer reports the data below. Current Year Prior Year Accounts payable 3;

Please help me solve this problem and explain step by step. thankyou!

Please help me solve this problem and explain step by step. thankyou!A manufacturer reports the data below. Current Year Prior Year Accounts payable

A manufacturer reports the data below. Current Year Prior Year Accounts payable 3; 9,623 $ 12,968 Accounts receivable 29,985 18,?52 Inventory 11,324 18,815 Net sales 163,688 118,866 Cost of goods sold ?9,688 116,866 (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 1 Required 2 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.) so -l--l . Required 1 Required 2 Did the company manage cash more effectively in the current year? Did the company manage cash more effectively in the current year

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