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Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable $2,692 Net Sales $315,427 WalCo TarMart CostGet Required:

Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable $2,692 Net Sales $315,427 WalCo TarMart CostGet Required: $1,745 5,816 559 6,344 595 60,878 61,963 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?

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