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A manufacturer reports the data below. Accounts payable $ 10,949 ...

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Accounting

A manufacturer reports the data below.

Accounts payable $ 10,949
Accounts receivable 19,774
Inventory 6,755
Net sales 234,907
Cost of goods sold 139,500

(1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?

Required 1

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

Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?

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