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

	Beginning Accounts Receivable						Ending Accounts Receivable						Net Sales
WalCo		$	1,815					$	2,762				$	322,427
TarMart			6,166						6,694					67,878
CostGet			629						665					68,963

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