Question: why its saying answer is not complete Exercise 5-18A Calculate recelvables ratlos (L05-8) Below are amounts (in millions) from three companies' annual reports. Beginning Ending
Exercise 5-18A Calculate recelvables ratlos (L05-8) Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts Accounts Receivable Receivable Net Sales Walco $1,755 $2,702 $316,427 TarMart 5,866 6,394 61,878 CostGet 569 685 62,963 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 "Recelvables turnover rotlo" answers to one decimal place.) 3 Answer is not complete. Receivables Turnover Ratio 5 Walco TarMart Cost Get 318.427 81.878 82.083 $ $ 5 Receivables turnover rato 1420 times 10.1 times 107.3 times 2.228.5 0,130.0 5870 13 S Average Collection Period Welco Tarvan Cost Get 385 385 385 142.0 10:1 107:32 Average collection period 26 days 361 days 3.4 days
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