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WalCo TarMart CostGet Required: Beginning Accounts Receivable $1,685 Ending Accounts 5,516 499 Receivable $2,632 6,044 Net Sales $309,427 54,878 535 55,963 1. Calculate the receivables
WalCo TarMart CostGet Required: Beginning Accounts Receivable $1,685 Ending Accounts 5,516 499 Receivable $2,632 6,044 Net Sales $309,427 54,878 535 55,963 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 WalCo $ TarMart $ 309,427 54,878 CostGet $ 55,963 Receivables turnover ratio 0 times 0 times 0 times Average Collection Period WalCo 365 TarMart CostGet 365 365 Average collection period 0 days 0 days 0 days 2. Which company appears most efficient in collecting cash from sales? WalCo TarMart O CostGet
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