Below are amounts (in milions) from three companies annual reports. Required: 1. Calculate the receivables...
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Accounting
Below are amounts (in milions) from three companies annual reports. Required: 1. Calculate the receivables tumover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Calculate the receivables turnover ratio and the average collection period for WolCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.)
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