The following information was taken from the December 31, 2023, annual report of WestCon Developments.

Required
1. Calculate accounts receivable turnover and days sales outstanding for the year 2023. (Round the answer to two decimal places.)
2. Compare your calculations in (1) to the industry average and comment on WestCon’s relative performance as F (Favourable) or U (Unfavourable). (Round the answer to two decimal places.)

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Net sales......... Accounts receivable...... ($ millions) 2023 2022 $7,280 $5,410 598 486 Industry Average Accounts receivable turnover...... 16.2 Days sales outstanding.............. 21.0