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

	Beginning Accounts Receivable	Ending Accounts Receivable	Net Sales
WalCo	$1,795	$2,742	$320,427
TarMart	6,066	6,594	65,878
CostGet	609	645	66,963

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?

	WalCo
	TarMart
	CostGet

WalCo TarMart CostGet WalCo TarMart CostGet Net sales Receivables Turnover Ratio Average accounts receivable Receivables turnover ratio times times times Average Collection Period Average collection period days days days