Exercise $8-19$ Accounts receivable turnover and days' sales uncollected LO$5$

The following information was taken from the December $31,2023,$ annual report of WestCon Developments.

$($$ millions$)$

$20232022$

Net sales $ $7,400$ $ $5,500$

Accounts receivable $610498$

Industry Average

Accounts receivable turnover $16\mathrm{.}8$

Days$$ sales uncollected $21\mathrm{.}0$

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.$)$

$2.$ Compare your calculations in $(1)$ to the industry average and select whether the performance of WestCon's is Favourable or Unfavourable.