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The following information was taken from the December 31, 2020, annual report of WestCon Developments. Net sales Accounts receivable ($ millions) 2020 $7,160 2019
The following information was taken from the December 31, 2020, annual report of WestCon Developments. Net sales Accounts receivable ($ millions) 2020 $7,160 2019 $5,321 590 481 Accounts receivable turnover Days' sales uncollected Required: Industry Average 16.2 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 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. Prev 1 of 10 Next >
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