Average production cycle . Use the following account information to find the average production cycle for Rian
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Question:
Average production
cycle.
Use the following account information to find the average production cycle for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company | ||||
12/31/14 | 12/31/13 | Change | ||
Accounts receivable | $42,827 | $51,579 | $8,752 | |
Inventory | $62,955 | $66,893 | $3,938 | |
Accounts payable | $32,137 | $29,812 | $2,325 |
2014 Selected Income Statement Items for Rian Company | ||
Cash sales | $596,000 | |
Credit sales | $526,000 | |
Total sales | $1,122,000 | |
Cost of goods sold | $649,164 |
What is the average production cycle for Rian Company?
__ days (Round to one decimal place.)
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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