Question
Presented is basic financial information (in millions) from the annual reports of Nike Nike Sales revenue $18,627 Allowance for doubtful accounts, Jan. 1 71.5 Allowance
Presented is basic financial information (in millions) from the annual reports of Nike
Nike
Sales revenue $18,627
Allowance for doubtful accounts, Jan. 1 71.5
Allowance for doubtful accounts, Dec. 31 78.4
Accounts receivable balance (gross), Jan 1 2,566.2
Accounts receivable balance (gross), Dec. 31 2,873.7
Instructions: Calculate the average collection period (DAYS) for Nike. Only record the number and round to one decimal.
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Financial Accounting An Introduction
Authors: Alex Watson, Jacqui Kew
5th Edition
0190425520, 978-0190425524
