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Exercise 8-19 Accounts receivable turnover and days' sales uncollected LOS The following information was taken from the December 31, 2020, annual report of Westcon Developments.
Exercise 8-19 Accounts receivable turnover and days' sales uncollected LOS The following information was taken from the December 31, 2020, annual report of Westcon Developments. (5 millions) Net sales Accounts receivable 2020 2019 $7,280 $5,410 590 486 Industry Average 16.2 21.0 Accounts receivable turnover Dayst sales uncollected Required: 1. Calculate accounts receivable turnover and days' sales uncollected for the year 2020. (Assume 365 days in a year. Round your answers to 2 decimal places.) Accounts receivable turnover Days' sales uncollected times days Check 2 Accounts receivable over Days Sales uncollected times days 2. Compare your calculations in (1) to the industry average and select whether the performance of WestCon's is Favourable on Unfavourable. rences WestCon's Performance Accounts receivable turnover Days sales uncollected
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