Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. WalCo TarMart CostGet Required: Beginning Accounts Receivable Ending Accounts Receivable Net Sales $1,815 6,166 629 $2,762 6,694 $322,427 67,878 665 68,963 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.) WalCo TarMart CostGet WalCo TarMart CostGet Receivables Turnover Ratio Receivables turnover ratio times times times Average Collection Period Average collection period days days days 2. Which company appears most efficient in collecting cash from sales? WalCo TarMart CostGet