2013 and 2014 Selected Balance Sheet Accounts of Rian Company
2014 Selected Income Statement Items for Rian Company Cash sales $ 539000 Credit sales $ 664000 Total sales $ 1203000 Cost of goods sold $ 632489 P13-8 ( similar to ) Average accounts payable cycle . Use the following account information for Rian Company . 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
Rian Company had set a target of 16.6 days for its payment ( accounts payable ) cycle . What would the ending balance in the accounts payable account for 2014 have needed to be to reach this target ( holding all other accounts the same )?
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