Average collection cycle. Use the following account information to find the average collection cycle for Rian...
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Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. Click on the icon in order to copy its content into a spreadsheet 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 $42,957 $62,267 $30,104 12/31/13 Change $52,355 $9,398 $67,077 $4,810 $28,084 $2,020 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales $425,000 $658,000 What is the average collection cycle for Rian Company? days (Round to one decimal place.) Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. Click on the icon in order to copy its content into a spreadsheet 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 $42,957 $62,267 $30,104 12/31/13 Change $52,355 $9,398 $67,077 $4,810 $28,084 $2,020 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales $425,000 $658,000 What is the average collection cycle for Rian Company? days (Round to one decimal place.)
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