Swift Media Sign Company sells on account. Recently, Swift reported these figures: 2014 2013 Net sales $600,060 $570,000 Receivables at year end 42,800 38,200 Collection period for receivables 1.25 days Required: 1. Compute Swift Media Sign Company's days' sales in average receivables for 2014. One day's sale = per day Day's sales in average receivables = days 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. 1