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The following information was taken from the December 31, 2023, annual report of WestCon Developments. ($ millions) 2023 2022 Net sales $ 7,260 $ 5,396
The following information was taken from the December 31, 2023, annual report of WestCon Developments. ($ millions) 2023 2022 Net sales $ 7,260 $ 5,396 Accounts receivable 600 491 Industry Average Accounts receivable turnover 16.7 Days sales uncollected 20.0 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
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