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The following information was taken from the December 31, 2023, annual report of WestCon Developments. Net sales Accounts receivable ($ millions) 2023 $7,480 618 2022
The following information was taken from the December 31, 2023, annual report of WestCon Developments. Net sales Accounts receivable ($ millions) 2023 $7,480 618 2022 $5,560 506 Accounts receivable turnover Days' sales uncollected Accounts receivable turnover Days' sales uncollected Industry Average 17.2 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.) times days
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