accounts payable, end of year $ 5,123 $ 9,068 accounts receivable, net, end of year 20,005 16,082 inventory, end of year 7,424 6,615 net sales 210,000 183,000 cost of goods sold 123,000 127,000 (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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02-11-2022
Business

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accounts payable, end of year $ 5,123 $ 9,068 accounts receivable, net, end of year 20,005 16,082 inventory, end of year 7,424 6,615 net sales 210,000 183,000 cost of goods sold 123,000 127,000 (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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