Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable Net Sales WalCo $ 1,675 $ 2,622 $ 308,427 TarMart 5,466 5,994 53,878 CostGet 489 525 54,963 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 ratio" answers to one decimal place.)

Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,675 5,466 489 Ending Accounts Receivable $2,622 5,994 525 Walco TarMart CostGet Net Sales $308,427 53,878 54,963 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 ratio" answers to one decimal place.) Receivables Turnover Ratio Receivables turnover ratio Walco TarMart times times CostGet times Average Collection Period Walco TarMart Average collection period days days days CostGet