i Requirements 1. 2. Compute Creative's days' sales in receivables for 2018. (Round to the nearest day.) Suppose Creative's normal credit terms for a sale on account are 2/10, net 30. How well does Creative's collection period compare to the company's credit terms? Is this good or bad for Creative? Print Done Creative Media Sign Incorporated sells on account. Recently. Creative reported the following figures: $ Net Credit Sales Net Receivables at end of year 2018 580,800 $ 38,900 2017 600,500 49,100 Read the requirements Requirement 1. Compute Creative's days' sales in receivables for 2018. (Round to the nearest day.) 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 ratios to two decimals. X.XX.) Net credit sales Average net accounts receivable = AR turn Ar turtas 2018 580.800