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P8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas adidas $19,176.1 $10,381 Nike

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P8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas adidas $19,176.1 $10,381 Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 78.4 110.8 124 2,873.71,743 1,553 2,994.7 Instructions Calculate the accounts receivable turnover and average collection period for both com panies. Comment on the difference in their collection experiences

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