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 12/31/13 Change Accounts receivable $35,493 $42,878 $7,385 Inventory $52,135 $56,240 $4,105 Accounts payable $25,482 $23,536 $1,946 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $518,000 Credit sales $412,000 If total sales had remained at $930,000, 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.) Accounts receivable Inventory Accounts payable $35,493 $52,135 $25,482 12 $42,878 $56,240 $23,536 ng $7,385 $4,105 $1,946 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $518,000 Credit sales $412,000 Total sales $930,000 Cost of goods sold $501,290 Rian Company had set a target of 30.8 days for the collection cycle for 2014. If total sales had remained at $930,000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? If total sales had remained at $930,000, 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.) 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 12/31/13 Change Accounts receivable $35,493 $42,878 $7,385 Inventory $52,135 $56,240 $4,105 Accounts payable $25,482 $23,536 $1,946 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $518,000 Credit sales $412,000 If total sales had remained at $930,000, 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.) Accounts receivable Inventory Accounts payable $35,493 $52,135 $25,482 12 $42,878 $56,240 $23,536 ng $7,385 $4,105 $1,946 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $518,000 Credit sales $412,000 Total sales $930,000 Cost of goods sold $501,290 Rian Company had set a target of 30.8 days for the collection cycle for 2014. If total sales had remained at $930,000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? If total sales had remained at $930,000, 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.)