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Average accounts payable cycle. Use the following account information to calculate Rian Company's average accounts payable cycle. Click on the icon in order to copy
Average accounts payable cycle. Use the following account information to calculate Rian Company's average accounts payable cycle. 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 Accounts receivable $42,422 $51,360 Inventory $60,910 $65,182 Accounts payable $30,946 $28,745 Change $8,938 $4,272 $2,201 Click on the icone in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $595,000 Credit sales $477,000 Total sales $1,072,000 Cost of goods sold $623,164 What is Rian Company's average accounts payable cycle? days (Round to one decimal place.)
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