Question
Average production cycle. Use the following account information to find the average production cycle for Rian Company.Click on the icon in order to copy its
Average production
cycle.
Use the following account information to find the average production cycle 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 | $48,245 | $58,174 | $9,929 |
Inventory | $68,932 | $74,420 | $5,488 |
Accounts payable | $33,759 | $31,531 | $2,228 |
Click on the icon
in order to copy its content into a spreadsheet
2014 Selected Income Statement Items for Rian Company | |
Cash sales | $582,000 |
Credit sales | $641,000 |
Total sales | $1,223,000 |
Cost of goods sold | $693,810 |
What is the average production cycle for Rian Company?
enter your response here
days(Round to one decimal place.)
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