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Presented here is selected information for Nike, Inc. ( in U . S . $ millions ) and Adidas AG ( in euro millions )
Presented here is selected information for Nike, Inc. in US $ millions and Adidas AG in euro millions: Nike:Sales: $ Allowance for expected credit losses, beginning of year: Allowance for expected credit losses, end of year: Accounts receivable gross beginning of year: Accounts receivable gross end of year: Adidas:Sales : Allowance for expected credit losses, beginning of year: Allowance for expected credit losses, end of year :Accounts receivable gross beginning of year : Account receivable gross end of year : a Calculate the receivables turnover and average collection period for both companies for the current year. The industry average for the receivables turnover was times and the average collection period was days. Round receivables turnover to decimal place, eg Round average collection period to nearest whole day, eg Use days for calculation. Nike:Receivable turnover Average collection period Adidas Receivable turnover Average collection period
Presented here is selected information for Nike, Inc. in US $ millions and Adidas AG in euro millions: Nike:Sales: $ Allowance for expected credit losses, beginning of year: Allowance for expected credit losses, end of year: Accounts receivable gross beginning of year: Accounts receivable gross end of year: Adidas:Sales : Allowance for expected credit losses, beginning of year: Allowance for expected credit losses, end of year :Accounts receivable gross beginning of year : Account receivable gross end of year : a Calculate the receivables turnover and average collection period for both companies for the current year. The industry average for the receivables turnover was times and the average collection period was days. Round receivables turnover to decimal place, eg Round average collection period to nearest whole day, eg Use days for calculation. Nike:Receivable turnover Average collection period Adidas Receivable turnover Average collection period
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