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Question 5 Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas $17,890

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Question 5 Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas $17,890 $9,510 Sales revenue Allowance for doubtful accounts, beginning 79 117 Allowance for doubtful accounts, ending 112 126 Accounts receivable balance (gross), beginning 3,130 1,685 3,249.0 1,499 Accounts receivable balance (gross), ending Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike adidas times times Accounts receivable turnover LINK TO TEXT Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Nike adidas days days Average collection period LINK TO TEXT

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