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Chapter 8 Homework 8 10 points eBook Print References Exercise 8-19 Accounts receivable turnover and days' sales uncollected LOS The following information was taken from
Chapter 8 Homework 8 10 points eBook Print References Exercise 8-19 Accounts receivable turnover and days' sales uncollected LOS The following information was taken from the December 31, 2023, annual report of WestCon Developments. ($ millions) 2023 2022 $7,440 $5,530 502 Net sales Accounts receivable 614 Accounts receivable turnover Days' sales uncollected Accounts receivable turnover Days sales uncollected Industry Average 17.0 21.0 Required: 1. Calculate accounts receivable turnover and days' sales uncollected for the year 2023. (Assume 365 days in a year. Round your answers to 2 decimal places.) Accounts receivable turnover Days' sales uncollected times days Saved 2. Compare your calculations in (1) to the industry average and select whether the performance of WestCon's Is Favourable or Unfavourable. WestCon's Performance
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