Question: Below are amounts ( in millions ) from three companies' annual reports. table [ [ , Beginning Accounts Receivable,Ending Agcounts Receivable,Net Sales ] ,
Below are amounts in millions from three companies' annual reports.
tableBeginning Accounts Receivable,Ending Agcounts Receivable,Net SalesWalco$$$TarMartCostGet
Required:
Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.
Which company appears most efficient in collecting cash from sales?
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