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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
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 Step by Step Solution
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