es Below are amounts (in millions) from three companies' annual reports. Ending Accounts Receivable $2,662 6,194 565 WalCo TarMart CostGet WalCo $ TarMart $ CostGet $ Beginning Accounts WalCo TarMart CostGet Receivable $1,715 5,666 529 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 turnove ratio" answers to one decimal place.) Net sales 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 9.8 107.8 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 millions) from three companles' annual reports. Required: 1. Calculate the receivables tumover ratio and the average collection period for WaiCo, TarMart and CostGet. (Do not round intermediote colculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turno ratio" answers to one decimal place.)