FIN 419 ASSIST Perfect Education/fin419assist.cofi FIN 419 ASSIST Perfect Education/fin419assist.cofi | Page 36

Average accounts payable
cycle.
Use the following account information to calculate Rian Company's
average accounts payable cycle.
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