Below are amounts $($in millions$)$ from three companies' annual reports.

Beginning Accounts Receivable Ending Accounts Receivable Net Sales

WalCo $$1,665$ $$2,612$ $$307,427$

TarMart $5,4165,94452,878$

CostGet $47951553,963$

Required:

$1.$ Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.

$2.$ Which company appears most efficient in collecting cash from sales?