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1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intermediate calculations. Enter your answers in

1.Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.(Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.)

2.Which company appears most efficient in collecting cash from sales?

  • WalCo
  • TarMart
  • CostGet

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