The following information was taken from the December 31, 2023, annual report of WestCon Developments. (5 millions) 2022 2023 $7,480 $5,560 618 506 Net sales Accounts receivable 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 answers to 2 decimal places.)

The following information was taken from the December 31, 2023, annual report of WestCon Developments. (5 millions) 2022 2023 $7,480 $5,560 618 506 Net sales Accounts receivable 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 answers to 2 decimal places.)

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Description: Please do not give solution in image format thanku The following information was taken from the December 31, 2023, annual report of WestCon Developments.($ millions)20222023$7,480 $5,560618506Net salesAccountsreceivableAccounts receivable turnoverDay

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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