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Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Accounts Ending Accounts Receivable $1,655 5,366 Receivable $2,602 5,894 Net Sales

Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Accounts Ending Accounts Receivable $1,655 5,366 Receivable $2,602 5,894 Net Sales $306,427 469 585 51,878 52,963) Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not roun intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables ratio" answers to one decimal place.) Not sales WalCo TarMart CostGet WalCo TarMart CostGet Receivables Turnover Ratio Average accounts receivable. Receivables turnover ratio 0 times 0 times 0 times Average Collection Period Average collection penod 0 days 0 days 0 days 2. Which company appears most efficient in collecting cash from sales? O WalCo O TarMart O CostGel

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