Business, 23.07.2020 01:01, nae878

Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts
Accounts Receivable Receivable Net Sales
WalCo $1,735 $2,682 $314,427
TarMart 5,766 6,294 59,878
CostGet 549 585 60,963
1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet.
2. Which company appears most efficient in collecting cash from sales?

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Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts