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Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,805 6,116 619 Ending Accounts Receivable $2,752 6,644 655 Walco TarMart CostGet
Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,805 6,116 619 Ending Accounts Receivable $2,752 6,644 655 Walco TarMart CostGet Net Sales $321,427 66,878 67,963 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.) Receivables Turnover Ratio Walco TarMart CostGet Receivables turnover ratio 0 times 0 times 0 times Average Collection Period Walco TarMart CostGet Average collection period 0 days 0 days 0 days
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