Question: ee CAN YOU PLEASE SPECIFY WHAT GOES INTO THE AVERAGE ACCOUNTS RECEIVABLE BOXES? I UNDERSTAND HOW TO DO THE MATH BUT IT DOESNT MATCH UP

ee CAN YOU PLEASE SPECIFY WHAT GOES INTO THE AVERAGE ACCOUNTS RECEIVABLEee

CAN YOU PLEASE SPECIFY WHAT GOES INTO THE AVERAGE ACCOUNTS RECEIVABLE BOXES? I UNDERSTAND HOW TO DO THE MATH BUT IT DOESNT MATCH UP WITH THE ANSWER IT GIVES ME FOR THE COLLECTION PERIOD.

BOXES? I UNDERSTAND HOW TO DO THE MATH BUT IT DOESNT MATCH

Walco TarMart CostGet Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2,682 6,294 585 Net Sales $314, 427 59,878 60,963 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 millio rounded to 1 decimal place.) Receivables Turnover Ratio Choose Denominator Choose Numerator Net sales Average accounts receivable Receivables turnover ratio $ 314,427 0 times Walco TarMart $ o times 59,878 60,963 CostGet $ 0 times Average Collection Period Choose Denominator Choose Numerator 365 Receivables turnover ratio 365 Walco TarMart Average collection period 0 days 0 days o days 356) CostGet 365 Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2,682 6,294 585 Net Sales $314,427 59,878 60,963 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 nswers in the tabs below. Required 1 Required 2 Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales

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