Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable Net...

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Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable Net Sales $310,427 Receivable $2,642 6,094 545 Walco $1,695 5,566 509 TarMart 55,878 56,963 CostGet Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Receivables Turnover Ratio Choose Numerator Choose Denominator Receivables turnover ratio WalCo times TarMart times CostGet times Average Collection Period Choose Numerator Choose Denominator Average collection period Walco days TarMart CostGet days days Required 1 Required 2 > Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable Net Sales $310,427 Receivable $2,642 6,094 545 Walco $1,695 5,566 509 TarMart 55,878 56,963 CostGet Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Receivables Turnover Ratio Choose Numerator Choose Denominator Receivables turnover ratio WalCo times TarMart times CostGet times Average Collection Period Choose Numerator Choose Denominator Average collection period Walco days TarMart CostGet days days Required 1 Required 2 >

Answer rating: 100% (QA)

Receivable Turnover Ratio Net Sales Average Accounts receivable Accounts Receivable Turnover Wal... View the full answer