Exercise 5-18 (Algo) Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. WalCo TarMart CostGet Required 1 Beginning Accounts Receivable $1,795 6,066 609 WalCo $ TarMart $ CostGet $ Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? WalCo arMart CostGet Complete this question by entering your answers in the tabs below. Required Ending Accounts Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Choose Numerator Receivable $2,742 6,594 645 Choose Numerator Net Sales $320,427 65,878 66,963 320,427 65,878 66,963 Receivables Turnover Ratio $ Choose Denominator Average Collection Period Choose Denominator 2,742.0 Receivables turnover ratio 116.9 times times 0 times Average collection period 0 days 0 days 0 days

Exercise 5-18 (Algo) Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports Required: 1. Calculate the receivables turnover ratio and the average coliection period for WaiCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.)