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help please? Swift Media Sign Company sells on account. Recently, Swift reported the following figures: 2020 2019 Net Sales $ 600,060 $ 570,000 Receivables at

help please?

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Swift Media Sign Company sells on account. Recently, Swift reported the following figures: 2020 2019 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 receivables for 2020. 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. Requirement 1. Compute Swift Media Sign Company's days' sales in receivables for 2020. First calculate the accounts receivable turnover. (Abbreviations used: AR turn = accounts receivable turnover ratio; Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the accounts receivable turnover ratio to two decimals, X.XX.) AR turn 2020

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