Exercise 5-18A Calculate receivables ratios (L05-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,695 5,566 509 Ending Accounts Receivable $2,642 6,094 545 Walco TarMart CostGet Net Sales $310,427 55,878 56,963 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.) Receivables Turnover Ratio Walco TarMart CostGet Receivables turnover ratio 0 times 0 times 0 times Average Collection Period Walco TarMart CostGet Average collection period 0 days o days 0 days 2. Which company appears most efficient in collecting cash from sales? o Walco O TarMart O CostGet