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Below are amounts (in millions) from three companies' annual reports. 12.5 points Beginning Accounts Receivable $1,765 5,916 579 Ending Accounts Receivable $2,712 6,444 615 Walco

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Below are amounts (in millions) from three companies' annual reports. 12.5 points Beginning Accounts Receivable $1,765 5,916 579 Ending Accounts Receivable $2,712 6,444 615 Walco TarMart CostGet Net Sales $317,427 62,878 63,963 eBook 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 ratio" answers to one decimal place.) Hint References Receivables Turnover Ratio Receivables turnover ratio times Walco TarMart CostGet times times Average Collection Period Walco TarMart CostGet Average collection period days days days 2. Which company appears most efficient in collecting cash from sales? o Walco TarMart O CostGet

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