Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2.682 6,294 585 Walco TarMart CostGet Net Sales $314,427 59,878 60,963 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 [ Average accounts receivable Net sales = Walco TarMart CostGet Receivables turnover ratio 0 times 0 times O times Average Collection Period Walco TarMart CostGet Average collection period 0 days 0 days 0 days 2. Which company appears most efficient in collecting cash from sales? o Walco O TarMart CostGet