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Current Year Prior Year Accounts payable, end of year $ 6,943 $ 10,888 Accounts receivable, net,...

Current Year Prior Year
Accounts payable, end of year $ 6,943 $ 10,888
Accounts receivable, net, end of year 24,625 17,328
Inventory, end of year 9,244 8,575
Net sales 184,000 137,000
Cost of goods sold 94,000 120,000


(1) Use the information above to 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?

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ekkarill92 answered 2 years ago
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