Average Collection Period $=$ Average Accounts Receivables $-$: Average Daily Sales

This ratio is an estimate of the time $($measured in days$)$ that the company$$s accounts receivables are outstanding. A higher ratio indicates a company$$s inefficiency in the collection of receivables, and could lead to solvency issues. The ratio is computed by dividing the average accounts receivable $($net of allowance for doubtful accounts$)$ during the year $($average accounts receivable $=$ average of the beginning balance of net accounts receivable and the ending balance of accounts receivable balance$)$ by the Total Net Sales Revenue per day $($assume $365$ days in a year$).$

Which of the following $4$ companies has the lowest Average Collection Period?

Group of answer choices

Walmart Inc. $($for the year ended January $31,2022)$

Exxon Mobile Corporation $($for the year $2021)$

Costco Wholesale Corporation $($for the year ended Aug $28,2022$

Apple, Inc. $($for the year ended Sep $24,2022)$