Current Year Prior Year Accounts payable, end of year $7,203 $11,148
Accounts receivable, net, end of year 25,285 17,506
Inventory, end of year 9,504 8,855
Net sales 181,000 133,000
Cost of goods sold 91,000 120,000
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?

If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u.s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.