Below are amounts (in millions) from three companies' annual reports.

	Beginning Accounts Receivable					Ending Accounts Receivable						Net Sales
WalCo		$	1,715				$	2,662				$	312,427
TarMart			5,666					6,194					57,878
CostGet			529					565					58,963

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.)

2. Which company appears most efficient in collecting cash from sales?

multiple choice

• WalCo
• TarMart
• CostGet