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Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of

Average collection cycle.

Use the following account information to find the average collection cycle for Rian Company.

2013 and 2014 Selected Balance Sheet Accounts of Rian Company

12/31/14

12/31/13

Change

Accounts receivable

$45,370

$55,057

$9,687

Inventory

$68,717

$73,604

$4,887

Accounts payable

$33,493

$31,275

$2,218

2014 Selected Income Statement Items for Rian Company

Cash sales

$539,000

Credit sales

$650,000

Total sales

$1,189,000

Cost of goods sold

$628,785

What is the average collection cycle for Rian Company?

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