Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable Receivable Net Sales Walco $1,715 $2,662 $312,427 TarMart 5,666 6,194 57,878 CostGet 529 565 58,963 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. Required 1 Required 2 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 Numerator Choose Denominator Receivables turnover ratio Walco times TarMart times CostGet times Average Collection Period Choose Numerator Choose Denominator Average collection period Walco days TarMart days CostGet days (Required 1 Required 2 > Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable Receivable Net Sales Walco $1,715 $2,662 $312,427 TarMart 5,666 6,194 57,878 CostGet 529 58,963 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? 565 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales