CH Information from three companies financial statements is shown below (amounts in millions), Beginning Ending Accounts Accounts Receivable Receivable Net Sales Hamilton $1,805 $2,752 $321, 427 Derby 6,116 6,644 66,878 Warner 619 655 67,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Hamilton, Derby, and Warner (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 Hamiltons Derby $ Warner $ Receivables Turnover Ratio Average accounts receivable 321,427 $ 4,557.0 66,878 $ 12,760.0 67,963 $ 1,274.0 Receivables turnover ratio 70.5 times 5.2 times 53.3 times Average Collection Period Receivables turnover ratio 365 Hamilton Derby Wamer 365 365 70,5 5.2 53.3 Average collection period 52 days 70 2 days 6.8 days 365 2. Which company appears most efficient in collecting cash from sales? O Hamilton Derby Warner