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Score: 0 of 10 pts 3 of 6 (1 complete) P13-5 (similar to) Average collection cycle. Use the following account information to find the average
Score: 0 of 10 pts 3 of 6 (1 complete) P13-5 (similar to) Average collection cycle. Use the following account information to find the average collection 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 Accounts receivable $42,642 $51,602 Inventory $62,322 $66,916 Accounts payable $31,250 $29,315 Change $8.960 $4,594 $1,935 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $459,000 Credit sales $647,000 What is the average collection cycle for Rian Company? days (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All
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