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Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable Net Sales WalCo $ 1,715 $ 2,662 $ 312,427

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

Beginning Accounts Receivable Ending Accounts 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.

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