All sales are on credit. Sharp's current terms are 2/10 net 30. 10% of Sharp's customers take advantage of the discount Payments from its remaining customers are received, on average, in 53 days. . Estimated credit sales are $160.000 million annually. Variable costs are 82% of gross sales. Credit evaluation and collection costs are 10% of gross sales. . There are no bad debts to consider in this analysis. Using the preceding information, fill in the blanks in the following analysis: 2/10 net 30 10 days 53 days Credit Analysis 1. General Credit Policy Information Credit terms Days sales outstanding (DSO) for all customers DSO for customers who take the discount (10%) DSO for customers who forgo the discount (90%) II. Annual Credit Sales and Costs ($ millions) Gross sales Net Sales Amount paid by discount customers Amount paid by nondiscount customers Variable operating costs (82% of gross sales) Bad debts Credit evaluation and collection costs (10% of gross sales $160.000 $144.000 $131.20 $0.00 $16.00