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Napoli Media Sign Incorporated sellis on account. Recently, Napoli reported the following figures Net Credit Sales Net Receivables at end of year 2018 524 475

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Napoli Media Sign Incorporated sellis on account. Recently, Napoli reported the following figures Net Credit Sales Net Receivables at end of year 2018 524 475 $ 38,600 2017 604,000 39,100 Read the requirements Requirement 1. Compute Napoll's days' sales in receivables for 2018. (Round to the nearest day) First calculate the accounts receivable turnover. (Abbreviations used: AR tum accounts receivable turnover ratio; Cash Invest. = short-term investments. Round the accounts receivable tumover ratios to two decimals, XXX) Cash including cash equivalents:ST AR tum 2018 Requirements 1. Compute Napoli's days' sales in receivables for 2018. (Round to the nearest day.) Suppose Napoll's normal credit terms for a sale on account are 2/10, net 30. How well does Napoli's collection period compare to the company's credit terms? Is this good or bad for Napoli? nswer Check

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