1 Wuestion Help Average collection cycle. Use the following account information 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 12/31/14 12/31/13 Chanjo Accounts receivable $38,506 $46,930 $8.424 Inventory $56,827 $61,109 $4282 Accounts payable $28,344 $26 279 $2.065 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Ohne 22 non If total sales had remained at 5991,000 how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal? $ (Round to the nearest dollar) Assigned Media Question Help inventory $56,827 361,109 $4,282 Accounts payable $28,344 $26 279 $2,065 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $331,000 Credit sales $660,000 Total sales $991,000 Cost of goods sold $546,019 Rian Company had set a target of 20.7 days for the collection cycle for 2014. If total sales had remained at 5991,000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? If total sales had remained at 5991,000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal (Round to the nearest dollar) Average collection cycle Use the following account information 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 12/31/14 12/31/13 Chango Accounts receivable $38,506 $46,930 $8,424 Inventory $56,827 $61,109 $4,282 Accounts payable 528,344 $26,279 $2,065 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company If total sales had remained at $991.000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal? (Round to the nearest dollar) Inventory $55,827 $61,109 $4,282 Accounts payable $28,344 $26,279 $2,065 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $331,000 Credit sales $660,000 Total sales $991,000 Cost of goods sold $546,019 Rian Company had set a target of 20,7 days for the collection cycle for 2014. If total sales had remained at 5991,000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? If total sales had remained at $991,000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal? $(Round to the nearest dollar)