Chapter 13, Question 6P - Rian Company had set a target of twenty days for the collection cycle for 2014. If total sales had remained at $970000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal?

Selected Balance Sheet Accounts of Rian Company

	12/31/14	21/31/13	Change
Accounts Receivable	$38000	$46000	$8000
Inventory	$55000	$59000	$4000
Accounts Payable	$27000	$25000	$2000

2014 Selected Income Statement Items for Rian Company

Cash Sales	$298000
Credit Sales	$672000
Total Sales	$970000
Cost of Goods Sold	$570000