The following information was taken from the December 31, 2020, annual report of WestCon Developments. Required 1.

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The following information was taken from the December 31, 2020, annual report of WestCon Developments.

Required

1. Calculate accounts receivable turnover and days? sales uncollected for the year 2020. (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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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 11, 2019 10:18 AM

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The following information was taken from the December 31, 2020, annual report of WestCon Developments. Required 1.

Question:

($ millions) 2019 Industry Average 2020 $7,280 $5,410 Net sales. Accounts receivable. Accounts receivable turnover 16.2 Days' sales uncollected. 598 486 21.0

Step by Step Answer:

Part 1 Part 2 WestCon is not collecting its receivables as quickl...View the full answer

Fundamental Accounting Principles Volume I

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