Swift Media Sign Company sells on account. Recently, Swift reported these figures:

Required
1. Compute Swift Media Sign Company's days' sales in average receivables for 2017.
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.

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2017 $600,060 42,800 2016 Net sales $570,000 Receivables at year end 38,200