Question: it stays something is missing Below are amounts (in millions) from three companies' annual reports, Beginning Accounts Receivable $1,765 5,916 579 Ending Accounts Receivable $2,712


Below are amounts (in millions) from three companies' annual reports, Beginning Accounts Receivable $1,765 5,916 579 Ending Accounts Receivable $2,712 Halco TarMart CostGet Net Sales $317,427 62,878 63,963 615 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco, TarMart and CostGet. (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) Net sales Rables Turnover Ratio Average accounts receivable 317,427 $ 2,238.5 62,878 S 6,180.0 83,963 $ 5970 Receivables turnover ratio 141.8 times 10.2 times 107.1 times Walco TarMart CostGet $ S $ Average Collection Period Receivables turnover ratio 365 Average collection period 2.6 days 35.8 days 3.4 days 365 141.8 102 107.1 Walco TarMart CostGet 365 365 9 Below are amounts in millions) from three companies' annual reports leginning Accounta Account Teceivable Receivable Niet tale AICO 51,765 $2.712 $317.427 Taart 5,916 6,444 63,070 Coutlet 579 635 100 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco. TorMart and CostGet. (Do not round Intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) cs Net sales Walco TarMart Costet $ $ $ 317.427 62.878 63.963 vables Turnover Ratio Average accounts receivable 2.238.5 6,180.0 597.01 Receivables turnoverato 141.8 times 10 2 times 1071 times Period 365 ivables turnover ratio Walco TarMart CostGet 365 365 365 141.8 102 1071 Average collection period 2.6 days 35 3 days 3.4 days Below are amounts (in millions) from three companies annual reports Walco Tarhart Coat det Beginning Endiny Account Accounts Receivable. Receivable 51,765 52.712 5,916 6,444 579 615 Not Sales $317,427 62,878 63,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco, Tor Mart and CostGet (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) ences Not sales | Walco TarMart Coster $ $ $ 317,427 62,878 63,963 vables Turnover Ratio Average accounts receivable 2.238.5 6,180.0 59701 Receivables turnover ratio 141.8 times 10 2 times 107.1 times Period lvables turnover ratio 365 Walco TarMart CostGet 365 365 365 1418 10.2 1071 Average collection period 2.6 days 35 8 days 3.4 days
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
