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Average production cycle. Use the following account information to find the average production cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of
Average production cycle.
Use the following account information to find the average production cycle for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company |
| |||
12/31/14 | 12/31/13 | Change | ||
Accounts receivable | $34,354 | $41,903 | $7,549 | |
Inventory | $51,493 | $55,464 | $3,971 | |
Accounts payable | $25,010 | $23,443 | $1,567 |
2014 Selected Income Statement Items for Rian Company |
| |
Cash sales | $434,000 | |
Credit sales | $465,000 | |
Total sales | $899,000 | |
Cost of goods sold | $477,558 |
What is the average production cycle for Rian Company?
days(Round to one decimal place.)
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