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Problem 8-09A (Part Level Submission) Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas.
Problem 8-09A (Part Level Submission) Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike $19,628.5 86.0 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending Adidas $10,367.4 114.0 118.0 1,617.0 1,417.0 109.0 2,690.0 2,810.0 (1) X Your answer is incorrect. Try again. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike Adidas 6.8 times Accounts receivable turnover 7.1 times Click if you would like to Show Work for this question: Open Show Work
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