A manufacturer reports the data below. Accounts payable $ 10,649 Accounts receivable 19,474 Inventory 6,455...
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Accounting
A manufacturer reports the data below. Accounts payable $ 10,649 Accounts receivable 19,474 Inventory 6,455 Net sales 234,687 Cost of goods sold 139,200 (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient of managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required Required Compute the number of days in the cash conversion cyde. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days
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