ces Below are amounts (in millions) from three companies' annual reports. Ending Accounts WalCo TarMart CostGet WalCo $ TarMart $ CostGet $ Beginning Accounts Receivable $1,715 5,666 529 WalCo TarMart CostGet 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.) Net sales Receivable $2,662 6,194 565 365 312,427 57,878 58,963 Net Sales $312,427 57,878 58,963 365 365 365 Receivables Turnover Ratio $ $ $ Average accounts receivable Average Collection Period 2,188.5 5,930.0 547.0 Receivables turnover ratio 142.8 98 107.8 = Receivables turnover ratio 142.8 times 9.8 times 107.8 times Average collection period 2.6 days 37.2 days 3.4 days

Below are amounts (in militions) from three companles' annual reports, Required: 1. Calculate the recelvables tumover 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.)