help A manufacturer reports the data below Accounts payable $...
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A manufacturer reports the data below Accounts payable $ 10,849 Accounts receivable 18,874 Inventory 5,855 Net sales 234,007 Cost of goods 138,600 sold (1) Compute the number of days in the cash conversion cycie (2) Is the company more efficient at 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. 1 Required Required 2 Compute the number of days in the cash conversion cycle. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days
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