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TarMart CostGet 5,616 519 6,144 555 Required 1 Required 2 56,878 57,963 Required: 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? Complete this question by entering your answers in the tabs below.

TarMart CostGet 5,616 519 6,144 555 Required 1 Required 2 56,878 57,963 Required: 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? Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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N WalCo TarMart CostGet beginning Accounts Receivable $1,705 5,616 519 WalCo TarMart CostGet Required: 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? WalCo TarMart CostGet Complete this question by entering your answers in the tabs below. Ending Accounts Receivable $2,652 6,144 555 Required 1 Required 2 Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Net Sales. $311,427 56,878 57,963 Choose Numerator Choose Numerator Receivables Turnerer Ratio Choose Denominator Average Collection Period Choose Denominator Receivables turnover ratio 0 times osimes 0 times Average collection period o days o days 0 days
Transcribed Image Text:N WalCo TarMart CostGet beginning Accounts Receivable $1,705 5,616 519 WalCo TarMart CostGet Required: 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? WalCo TarMart CostGet Complete this question by entering your answers in the tabs below. Ending Accounts Receivable $2,652 6,144 555 Required 1 Required 2 Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Enter your answers in millions rounded to 1 decimal place.) Net Sales. $311,427 56,878 57,963 Choose Numerator Choose Numerator Receivables Turnerer Ratio Choose Denominator Average Collection Period Choose Denominator Receivables turnover ratio 0 times osimes 0 times Average collection period o days o days 0 days
ces Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable $2,652 6,144 555 WalCo TarMart CostGet Receivable $1,705 5,616 519 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalC 2. Which company appears most efficient in collecting cash from sales? Net Sales $311,427 56,878 57,963 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales < Required 1 Required 2
Transcribed Image Text:ces Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable $2,652 6,144 555 WalCo TarMart CostGet Receivable $1,705 5,616 519 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalC 2. Which company appears most efficient in collecting cash from sales? Net Sales $311,427 56,878 57,963 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales < Required 1 Required 2
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