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Average collection cycle. Use the following account information to find
the average collection cycle for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company
2014 Selected Income Statement Items for Rian Company
P 13-6
Average collection cycle.
Use the following account information for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company
2014 Selected Income Statement Items for Rian Company
Cash sales
Credit sales
Total sales
Cost of goods sold
Rian Company had set a target of 23.2 days for the collection cycle for
2014. If total sales had remained at $ 965000, how much of the sales
revenue would have needed to be cash sales for the company to have
met the collection goal?
P13-7 (similar to)
Average accounts payable
cycle.