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Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts
Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 $48,789 $72,008 $34,116 12/31/13 $58,556 $77,301 $31,985 Change $9,767 $5,293 $2,131 If total sales had remained at $1,253,000, 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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