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Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Ending Accounts Accounts Receivable Receivable $1,685 $2,632 5,516 6,044 499 535

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Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Ending Accounts Accounts Receivable Receivable $1,685 $2,632 5,516 6,044 499 535 Net Sales $309,427 54.878 55,963 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 times Walco TarMart CostGet times times Average Collection Period Walco TarMart CostGet Average collection period days days days

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