Whybird, a sole trader, has been advised by his accountant to keep an eye on the number of days it takes for his trade receivables to be settled. The accountant has explained how to calculate the...

Whybird, a sole trader, has been advised by his accountant to keep an eye on the number of days it takes for his trade receivables to be settled. The accountant has explained how to calculate the trade receivables turnover period but Whybird doesn’t really understand. He asks you to do the calculation for him. Extracts from the last 2 years’ financial statements for Whybird’s business show the following figures:

Calculate the trade receivables turnover period for Whybird for both years to one decimal place. Has the trade receivables turnover period improved or worsened in 2012?