Unique Media Sign sells on account. Recently, Unique reported the following figures:

Requirements
1. Compute Unique’s days’ sales in receivables for 2024.
2. Suppose Unique’s normal credit terms for a sale on account are 2/10, net 30. How well does Unique’s collection period compare to the company’s credit terms? Is this good or bad for Unique?

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Net Credit Sales Net Receivables at end of year 2024 $ 594,920 38,500 2023 $ 602,000 47,100