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Question 3 Use the following formula to calculate Nike's accounts receivable turnover ratio at the last two balance sheet dates: Account receivable turnover ratio =
Question 3 Use the following formula to calculate Nike's accounts receivable turnover ratio at the last two balance sheet dates: Account receivable turnover ratio = Revenues / Accounts receivable, net Select the correct answer below. O a. The company collected accounts receivable faster in the most recent reporting period than the prior reporting period. O b. The company collected accounts receivable slower in the most recent reporting period than the prior reporting period. O c. The company collected accounts receivable at the same rate as in the prior reporting period. Question 3 Use the following formula to calculate Nike's accounts receivable turnover ratio at the last two balance sheet dates: Account receivable turnover ratio = Revenues / Accounts receivable, net Select the correct answer below. O a. The company collected accounts receivable faster in the most recent reporting period than the prior reporting period. O b. The company collected accounts receivable slower in the most recent reporting period than the prior reporting period. O c. The company collected accounts receivable at the same rate as in the prior reporting period
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