Problem $5-9$A $($Algo$)$ Calculate and analyze ratios $($LO$5-8)$

Assume selected financial data for Small Mart and Arrow, two close competitors in the retail industry, are as follows:

$\backslash$table$[[($$ in millions$),$Net Sales,Beginning Accounts,Ending Accounts$],[$Small Mart,$$459,854,$Receivable,Receivable$],[$Arrow$,77,266,5,864,6,737],[,,6,553,6,327]]$

Required:

$1-$a$.$ Calculate the receivables turnover ratio and average collection period for Small Mart and Arrow.

$1-$b$.$ Which company maintains a higher receivables turnover?

Complete this question by entering your answers in the tabs below.

Req $1$ a

Req $16$

Calculate the receivables turnover ratio and average collection period for Small Mart and Arrow. $($Enter your answers in millions. Do not re intermediate calculations.$)$

$\backslash$table$[[$Receivables Turnover Ratio$],[,$Choose Numerator:,,Choose Denominator:,,$],[,\backslash ,1,,=,$Receivables Turnover Ratio$],[$Small Mart,,$1,,=,$times$],[$Arrow$,(,1,,=,$times$],[$Average Collection Period$],[,$Choose Numerator:,,Choose Denominator:,,$],[,,1,,=,$Average Collection Period$],[$Small Mart,$(,1,,=,$days$],[$Arrow$,(,$I,,$=,$days$]]$

Assume selected financial data for Small Mart and Arrow, two close competitors in the retail industry, are as follows:

$\backslash$table$[[($$ in millions$),$Net Sales,Beginning Accounts,Ending Accounts$],[$Small Mart,$$459,854,$Receivable,Receivable$],[$Arrow$,77,266,5,864,$$$6,737$