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Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts Accounts Receivable Malco Receivable set Sales $ 1.775 $ 2,722 Tarmart $

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Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts Accounts Receivable Malco Receivable set Sales $ 1.775 $ 2,722 Tarmart $ 318,427 5.966 6,454 Costet 500 63,878 625 64,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco. TarMart and CostGet (Do not round intermediate calculations. Enter your answers in millions, Round your "Average accounts receivable" and "Receivables turnover ratlo" answers to one decimal place.) Receivables Turnover Ratio Receivables turnover ratio Walco times TarMart times CostGet times Average Collection Period Walco Average collection period days days Tar Mart CostGet days

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