A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of...
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A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $5,383 20,665 7,684 206,000 117,000 Prior Year $9,328 16,260 6,895 175,000 126,000 (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? 
A manufacturer reports the data below. (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
A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $5,383 20,665 7,684 206,000 117,000 Prior Year $9,328 16,260 6,895 175,000 126,000 (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?
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