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Average collection cycle. Use the following account information to find the average collection cycle for Rian 2013 and 2014 Selected Balance Sheet Accounts of Rian
Average collection cycle. Use the following account information to find the average collection cycle for Rian 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 $38,000 $55,000 $27,000 12/31/13 $46,000t $59,000 Change $8,000 $4,000 $2,000 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of goods sold $570,000 $298,000 $672,000 $970,000 What is the average collection cycle for Rian Company? days (Round to one decimal place) Enter your answer in the answer box
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