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Walco TarMart CostGet Beginning Accounts Receivable $1,685 5,516 1499 Ending Accounts Receivable $2,632 6,044 535 Net Sales $309,427 54,878 55,963 Required: 1. Calculate the receivables
Walco TarMart CostGet Beginning Accounts Receivable $1,685 5,516 1499 Ending Accounts Receivable $2,632 6,044 535 Net Sales $309,427 54,878 55,963 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 ratlo" answers to one decimal place.) Receivables Turnover Ratio Walco Taran Cost Get Receivables turnover ratio times times times Average Collection Period Waico TarMart Coster werage collection period days days days 2 which company appeare most efficient in collecting cash from sales walde Tarmo Costa
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