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 8.5 points = Receivables turnover ratio Walco Skipped Tar Mart 0 times O times o times CostGet Average Collection Period Receivables turnover ratio eBook = Average collection period Walco TarMart CostGet 0 days 0 days o days References 2.which company appears most efficient in collecting cash from sales? Walco TarMart CostGet Connect - Sign In Careers UB: : Homework Chapter 5 6 Saved Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts Accounts Receivable Receivable $1,695 $2,642 5,566 6,094 509 545 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 C intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable ratio" answers to one decimal place.) Receivables Turnover Ratio Required: 1. Calculate the receivables turnover ratio and the average collection period for Wa intermediate calculations. Enter your answers in millions. Round your "Average ratio" answers to one decimal place.) Book Receivables Turnover Ratio erences = Receivable Walco TarMart CostGet 365 Average accounts receivable Net sales e Collection Period Receivables turnover ratio = Average coll Receivables turnover ratio Walco TarMart CostGet 545 56,963 turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover nal place.) Receivables Turnover Ratio Receivables turnover ratio 0 times o times 0 times 365 Average accounts receivable Net sales Aver Receivables turnover ratio Average collection period 0 days o days 0 days