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13-4 Average collection cycle Use the following account information for Rian Company Click on the icon in order to copy its content into a spreadsheet

13-4
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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 12131/13 Change Accounts receivable $40,701 $49,014 58,313 Inventory $60.410 $65,192 $4,782 Accounts payable $29,615 $27.448 $2,167 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement items for Rian Company Cash sales $524,000 Credit sales $524,000 1 T M IT total sales had remained at $1,048,000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal? s(Round to the nearest dollar) BH

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