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Compute swift media sign company days sales in average

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Reference no: EM132948971

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

Collection period for receivables 1. 25 days

Required:

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

Problem 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: EM132948971

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