Question: why its saying Answer is not complete Exercise 5-18A Calculate recelvables ratlos (LO5-8) Below are amounts (in millions) from three companies' annual reports Beginning Accounts
Exercise 5-18A Calculate recelvables ratlos (LO5-8) Below are amounts (in millions) from three companies' annual reports Beginning Accounts Receivable $1,55 5,866 569 Ending Accounts Receivable $2,702 6,394 walco Tarhart Costot Net Sales 5316,427 $1,878 62,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco. Ter Mart and CostGet (Do not round Intermediate calculations. Enter your answers in millons. Round your "Average accounts recevable" and "Recelvables turnover ratio answers to one decimal place.) Answer is not complete. Receivables Tumover Ratio S Waico TarMart Costel 310,427 81 878 82,0632 s 15 5 Receivables turnover rato 142.0 times 0 1 times 2.223 52 81300 6870 S 3 1073 times Average Collection Period Wico Man Costel 305 365 305 OG 1420 TOT 10730 Average collection period 26 days 30.1 days 34 days
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