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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. adidas $10,515 107

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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. adidas $10,515 107 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending Nike $18,293 71.7 115 3,159 3,282.0 112 1,627 1,454 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike adidas times Accounts receivable turnover times 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 Average collection period

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