Question
c-13 Q2 Average production cycle. Use the following account information to find the average production cycle for Rian Company.Click on the icon in order to
c-13 Q2
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 | $40,963 | $49,960 | $8,997 |
Inventory | $61,571 | $66,164 | $4,593 |
Accounts payable | $29,800 | $27,773 | $2,027 |
Click on the icon
in order to copy its content into a spreadsheet
2014 Selected Income Statement Items for Rian Company | |
Cash sales | $565,000 |
Credit sales | $500,000 |
Total sales | $1,065,000 |
Cost of goods sold | $622,730 |
What is the average production cycle for Rian Company?
days(Round to one decimal place.)
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