Below are amounts (in millions) from three companies' annual reports. 5 Walco TarMart CostGet Beginning Accounts Receivable $1,695 5,566 509 Ending Accounts Receivable $2,642 6,094 545 Net Sales $310,427 55,878 56,963 11.66 points Skipped 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? Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 References 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.) Receivables Turnover Ratio Choose Denominator Choose Numerator Receivables turnover ratio times Walco TarMart CostGet times times Average Collection Period Choose Denominator Choose Numerator Walco TarMart CostGet Average collection period days days days Below are amounts (in millions) from three companies' annual reports. 5 Beginning Accounts Receivable $1,695 5,566 Walco TarMart CostGet Ending Accounts Receivable $2,642 6,094 545 Net Sales $310,427 55,878 56,963 509 11.66 points Skipped 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? Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 References Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales