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Beginning Ending Accounts Accounts Receivable Receivable $1,665 $ 2,612 5,416 5,944 479 515 Walco TarMart CostGet Net Sales $307, 427 52,878 53,963 Required: 1. Calculate
Beginning Ending Accounts Accounts Receivable Receivable $1,665 $ 2,612 5,416 5,944 479 515 Walco TarMart CostGet Net Sales $307, 427 52,878 53,963 Required: 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.) Receivables Turnover Ratio Walco TarMart CostGet Receivables turnover ratio times times times Average Collection Period Walco TarMart Average collection period days days 2. Which company appears most efficient in collecting cash from sales? Walco O TarMart CostGet
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