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Problem 8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas Nike Sales revenue
Problem 8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending adidas $19,886.9 $10,990 105 109 1,629 1,394 80.7 113.4 3,093.3 3,227.3 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike adidas Accounts receivable turnover times times LINK TO TEXT Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5.) ike adidas Average collection period days days LINK TOQ TEXT
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