Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and adidas.

Nike adidas

Sales revenue $18,719.7 $11,164.2

Allowance for doubtful accounts, beginning 71.0 120.0

Allowance for doubtful accounts, ending 102.0 122.0

Accounts receivable balance (gross), beginning 2,740.0 1,833.0

Accounts receivable balance (gross), ending 2,859.0 1,645.0

Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)

Nike adidas

Accounts receivable turnover times 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 days days