receivables turnover ratio and average collection period

Help mework 0 Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts Accounts Receivable Receivable $1,775 $2,722 5,966 6,494 625 Walco TarMart CostGet Net Sales $318,427 63,878 64,963 589 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.) Receivables Turnover Ratio Average accounts receivable 2245 Net sales Receivables turnover ratio 318.427 1416 times Walco Tar Marts CostGet 53 878 O times 54.963 607 0 107.0 times Average Collection Period Receivables turnover ratio - Average collection period Walco o days TarMart 0 days CostGet days