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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 $1,615 $2,562 $302,427
TarMart 5,1665,69447,878
CostGet 42946548,963
Required:
1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.

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