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Below are amounts (in millions) from three companies' annual reports Beginning Ending Accounts Accounts Receivable Receivable $1,775 $2,722 5,966 6,494 589 625 Walco TarMart CostGet
Below are amounts (in millions) from three companies' annual reports Beginning Ending Accounts Accounts Receivable Receivable $1,775 $2,722 5,966 6,494 589 625 Walco TarMart CostGet Net Sales $318,427 63,878 64,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco, TorMart 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.) Receivables Turnover Ratio Receivables turnover ratio times Walco Tar Mart CostGet times times Average Collection Period Walco TarMart Average collection period days days days CostGet
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