FIN 419 ASSIST Perfect Education/fin419assist.cofi FIN 419 ASSIST Perfect Education/fin419assist.cofi | Page 33

Average production cycle.
Use the following account information for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company
12/31/14
12/31/13
Accounts receivable $42,912
Inventory
$62,011
Accounts payable
$66,087
$29,433
Change
$52,041
$9,129
$4,076
$27,645
$1,788
2014 Selected Income Statement Items for Rian Company
Cash sales $576000
Credit sales $500000