Consider the case of the Capel Company. The financial managers at the Capel Company have been monitoring the company's receivables and have compiled the following information: All sales are on credit. Capel's current terms are 2/10 net 30. 15% of Capel's customers take advantage of the discount. Payments from its remaining customers are received, on average, in 54 days. Estimated credit sales are $160.000 million annually. Variable costs are 82% of gross sales. Credit evaluation and collection costs are 10% of gross sales. . There are no bad debts to consider in this analysis. Using the preceding information, fill in the blanks in the following analysis: 47.4 days 44.7 days 2/10 net 30 47.5 days Credit Analysis I. General Credit Policy Information Credit terms Days sales outstanding (DSO) for all customers DSO for customers who take the discount (15%) DSO for customers who forgo the discount (85%) II. Annual Credit Sales and Costs ($ millions) Gross sales 39.3 days 10 days 54 days $160.000 Net sales $162.720 $136.000 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) $156.800 $131.20 $0.0 $159.980 $16.00 $20.800 $128.000 $26.700 $26.720