calculate average collection period fot both companies

View Policies Show Attempt History Current Attempt in Progress Suppose the amounts presented here are basic financial information (in Millions) from the 2022 annual reports of Nike and adidas Nike adidas $23,872.8 $12.936 77.2 107 Sales revenue (credit sales) Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross). ending 106.8 128 2.870.1 1.760.0 2.997.9 1.555 (1) Your Answer Correct Answer Question 9 of 10 5/10 HI! Your answer is correct Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, es 125.) Nike adidas Accounts receivable turnover 84 times 8.4 times e Textbook and Media olution Attempts: 3 of 3 used 22 Attempts: 3 of 3 used (2) Calculate the average collection period for both companies. (Round answers to 1 decimal place, es. 12.5. Use 365 days for calculation.) Nike adidas Average collection period days days eTextbook and Media Savetor Later Attempts: 0 of 3 used Submit Aruwer