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The following information was taken from the December 31, 2020, annual report of WestCon Developments. Net sales Accounts receivable (5 millions) 2020 $7,260 2019 $5,396
The following information was taken from the December 31, 2020, annual report of WestCon Developments. Net sales Accounts receivable (5 millions) 2020 $7,260 2019 $5,396 600 491 Ces Accounts receivable turnover Days' sales uncollected Required: Industry Average 16.7 20.0 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 A 2. Compare your calculations in (1) to the industry average and select whether the performance of WestCon's is Favourable or Unfavourable < Prev 9 of 10 Next > 2. Compare your calculations in (1) to the industry average and select whether the performance of WestCon's is Favourable or Unfavourable Accounts receivable turnover Days' sales uncollected WestCon's Performance < Prev 9 of 10 Next >
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