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

Required:

1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales?

\begin{tabular}{lccc|} & Beginning Accounts & Ending Accounts \\ Receivable & Receivable & Net Sales \\ WalCo & $1,725 & $2,672 & $313,427 \\ TarMart & 5,716 & 6,244 & 58,878 \\ CostGet & 539 & 575 & 59,963 \end{tabular} Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Complete this question by entering your answers in the tabs below. Which company appears most efficient in collecting cash from sales