You are the new manager of Accounts Payable. As a proud UM graduate, you have worked...

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You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 9.1%. What is the new CashCT value (in days) given the following data before your improvements: Days in the period: 89 Sales: $16,451,345 AR: $2,102,220 AP: $5,115,316 Inventory: $6,416,234 Cost of Sales: 62.2 (Keep two decimal places in your answer) You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 9.1%. What is the new CashCT value (in days) given the following data before your improvements: Days in the period: 89 Sales: $16,451,345 AR: $2,102,220 AP: $5,115,316 Inventory: $6,416,234 Cost of Sales: 62.2 (Keep two decimal places in your answer)