Question
Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas . Nike adidas Sales revenue
Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas.
Nike | adidas | |||
---|---|---|---|---|
Sales revenue | $18,891.7 | 9,491.6 | ||
Allowance for doubtful accounts, beginning | 82.0 | 121 | ||
Allowance for doubtful accounts, ending | 100.0 | 123 | ||
Accounts receivable balance (gross), beginning | 3,127.0 | 1,778 | ||
Accounts receivable balance (gross), ending | 3,249.0 | 1,578 |
(a1)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
Nike | adidas | |||||
---|---|---|---|---|---|---|
Accounts receivable turnover | enter a number of times rounded to 1 decimal place | times | enter a number of times rounded to 1 decimal place | times |
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 | enter a number of days rounded to 1 decimal place | days | enter a number of days rounded to 1 decimal place | days |
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