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Homework: M6: Cost of Capital and WC Managment - Chapters Save Score: 0 of 4 pts 8 of 12 (0 complete) HW Score: 0%, 0
Homework: M6: Cost of Capital and WC Managment - Chapters Save Score: 0 of 4 pts 8 of 12 (0 complete) HW Score: 0%, 0 of 55 pts P13-7 (similar to) s Question Help Average accounts payable cycle. Use the following account information to calculate Rian Company's average accounts payable cycle. 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 Accounts receivable $48,621 $58,834 $10,213 Inventory $70,988 $75,559 $4,571 Accounts payable $33,979 $31,714 $2,265 Change Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $588,000 Credit sales $659,000 What is Rian Company's average accounts payable cycle? days (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. ? All parts showing Clear All Check
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