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Below are amounts (in milions)from three companies' annual reports Ending WalCo TarMart CostGet Receivable Receivable Net Sales 5309.427 54,878 55,963 31,835 5,516 499 $2,832 6.044
Below are amounts (in milions)from three companies' annual reports Ending WalCo TarMart CostGet Receivable Receivable Net Sales 5309.427 54,878 55,963 31,835 5,516 499 $2,832 6.044 535 Required: receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet ( Receivables Turnover Ratio Receivables turnover ratio WalCo TarMart CostGet imes imes imes Average Collection Period Average collection period WalCo TarMart CostGet days days days 2.Which company appears most efficient in collecting cash from sales? O TarMart O CostGet
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