Problem 5-9A (Algo) Calculate and analyze ratios (LO5-8) Assume selected financial data for Wally World and Tarjay, two close competitors in the retail industry, are as follows: Beginning Accounts ($ in millions) Wally World Tarjay Net Sales $ 463,854 79,466 Required: Receivable $ 6,064 6,653 Ending Accounts Receivable $ 6,937 6,427 1-a. Calculate the receivables turnover ratio and average collection period for Wally World and Tarjay. 1-b. Which company maintains a higher receivables turnover? Complete this question by entering your answers in the tabs below. Req 1a Req 1b Calculate the receivables turnover ratio and average collection period for Wally World and Tarjay. (Enter your answers in millions. Do not round your intermediate calculations.) Wally World Tarjay Wally World Tarjay Choose Numerator: Receivables Turnover Ratio Choose Denominator: Average Collection Period Choose Numerator: Choose Denominator: Receivables Turnover Ratio times times = Average Collection Period days days < Req 1a Req 1b >