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Below are amounts ( in millions ) from three companies' annual reports. Required: Calculate the receivables turnover ratio and the average collection period for WalCo,

Below are amounts

(

in millions

)

from three companies' annual reports.

Required:

Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.

Which company appears most efficient in collecting cash from sales?

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