Working capital

3 15-3. Cash conversion cycle) Sims Electric Corp. has been striving for the last 5 year management of working capital. Historical data for the firm's sales, accounts receivable, invento- ries, and accounts payable follow: Sims Electric Corp. Financial Data JAN-14 JAN-13 JAN-12 JAN-11 JAN-10 12,327 7,759 5,296 3,475 2,873 Sales-Net 1,486 903 726 538 411 Receivables 1,643 1,040 466 447 283 Accounts payable 233 251 429 293 220 Inventories Calculate Sims' days of sales outstanding and days of sales in inventory for each of the 5 years. What has Sims accomplished in its attempts to better manage its investments in accounts receivable and inventory? b. Calculate Sims' cash conversion cycle for each of the 5 years. Evaluate Sims' overall agement of its working capital. a. man