8 Book Hint Print erences A manufacturer reports the data below Accounts payable Accounts receivable...
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8 Book Hint Print erences A manufacturer reports the data below Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Required 1 Current Year 9 023 29 905 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 Required 2 11 324 163 000 79 000 Complete this question by entering your answers in the tabs below Cash conversion cycle Prior Year 12 968 18 752 10 815 110 000 116 000 Compute the number of days in the cash conversion cycle for each year Note Use 365 days in a year Round calculations to the nearest whole day Current year days Prior year days
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