Exercise $5-18($Algo$)$ Calculate receivables ratios $($LO$5-8)$

Below are amounts $($in millions$)$ from three companies' annual reports.

Required:

Calculate the receivables turnover ratio and the average collection period for WalCo,

TarMart and CostGet.

Which company appears most efficient in collecting cash from sales?

Complete this question by entering your answers in the tabs below.

Required $1$

Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart ar

rounded to $1$ decimal place.$)$