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Compute Swift Media Sign Company days sales

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Reference no: EM133106882

Question - Swift Media Sign Company sells on account. Recently, Swift reported these figures:

 

2014

2013

Net sales

$600,060

$570,000

Receivables at year end

42,800

38,200

Required -

1. Compute Swift Media Sign Company's days' sales in average receivables for 2014.

2. Suppose Swift's normal credit terms for a sale on account are "2/10, net 30." How well does Swift's collection period compare to the company's credit terms? Is this good or bad for Swift? Explain.

Reference no: EM133106882

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