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Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable S1.735 5,766 Ending Accounts Receivable S2,682 6,294 585 Net Sales $314,427 59,878
Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable S1.735 5,766 Ending Accounts Receivable S2,682 6,294 585 Net Sales $314,427 59,878 60.953 WalCo TarMart CostGet 519 Required: 1. Calculate the receivables tunover 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 -Recevables turnover ratio Walco TarMart CostGet times tmes times Average Collection Perio Average collection pericd Walco TarMarl CostGet days days days
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