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2013 and 2014 Selected Balance Sheet Accounts of Rian Company Change $7,285 12/31/14 12/31/13 Accounts receivable $42,798 $55,612 $35,513 $3,718 Inventory Accounts payable $51,894 $25,529
2013 and 2014 Selected Balance Sheet Accounts of Rian Company Change $7,285 12/31/14 12/31/13 Accounts receivable $42,798 $55,612 $35,513 $3,718 Inventory Accounts payable $51,894 $25,529 $23,569 $1,960 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $369,000 Credit sales $554,000 $923,000 $525,773 Total sales Cost of goods sold Rian Company had set a target of 24.2 days for the collection cycle for 2014. If total sales had remained at $923,000, how much of the sales revenue would nave needed to be cash sales for the company to have met the collection goal? If total sales had remained at $923,000, 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.)
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