Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports Beginning Accounts Receivable $1,715 5,666 Ending Accounts Receivable $2,662 6. 194 Walco Tar Mart CostGet Net Sales $312,427 57,878 58,963 529 565 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 Net sales Average accounts receivable = Receivables turnover ratio 312 427 Walco TarMart CostGet times Average Collection Period = Average collection period ol days 0 days 0 days CostGet