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Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Nike Adidas Sales revenue $18,800.2

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Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Nike Adidas Sales revenue $18,800.2 $9,613.8 Allowance for doubtful accounts, beginning 78.0 120 Allowance for doubtful accounts, ending 112,0 126 Accounts receivable balance (gross), beginning 2,842.0 1,718 Accounts receivable balance (gross), ending 2,960,0 1,580 (21) Your answer is correct Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e-s. 12.5.) Nike Adidas Accounts receivable 6.7 times 63 times turnover e Textbook and Media Attempts: 1 of 5 used (a2) Your answer is incorrect. Calculate the average collection period for both companies. (Round answers to 1 decimal place, es 12.5. Use 365 days for calculation.) Nike Adidas days days Average collection period

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