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Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas . Nike Adidas Sales revenue
Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas.
Nike | Adidas | |||
Sales revenue | $20,476.5 | $11,080.8 | ||
Allowance for doubtful accounts, beginning | 78 | 120 | ||
Allowance for doubtful accounts, ending | 110 | 122 | ||
Accounts receivable balance (gross), beginning | 2,862 | 1,750 | ||
Accounts receivable balance (gross), ending | 2,936 | 1,570 |
Calculate the accounts receivable turnover for both companies.
Calculate the average collection period for both companies.
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