Question: 20. value: 0.50 points Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Receivable Ending Accounts Net Sales (net) (net) $1

20. value: 0.50 points Below are amounts (in millions) from three

20. value: 0.50 points Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Receivable Ending Accounts Net Sales (net) (net) $1 WalCo TarMart CostGet $2 30 5,216 439 5,744 475 48,878 49,963 Required: 1. For each company, calculate the receivables turnover ratio and the average collection period. (Do not round intermediate calculations.) Receivables Turnover Ratio Receivables turnover ratio WalCo times TarMart times CostGet times Average Collection Period Average collection period WalCo days TarMart days days CostGet 2. Which company appears most efficient in collecting cash from sales? OWalCo TarMart O CostGet

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