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Below are amounts ( in millions ) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable Net Sales WalCo $ 1 , 6
Below are amounts in millions from three companies' annual reports.
Beginning Accounts Receivable Ending Accounts Receivable Net Sales
WalCo $ $ $
TarMart
CostGet
Required:
Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.
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