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Below are amounts (in millions) from threecompanies' annual reports. Beginning Accounts ReceivableEnding Accounts ReceivableNet SalesWalCo$1,645$2,592$305,427TarMart5,3165,84450,878CostGet45949551,963 Required: 1. Calculate the receivables turnover ratio and the average

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

Beginning

Accounts

ReceivableEnding

Accounts

ReceivableNet SalesWalCo$1,645$2,592$305,427TarMart5,3165,84450,878CostGet45949551,963

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.)

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