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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

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

Nike

Adidas

Sales revenue

$18,265.6 $9,436.4

Allowance for doubtful accounts, beginning

80.0 120

Allowance for doubtful accounts, ending

110.0 124

Accounts receivable balance (gross), beginning

2,892.0 1,714

Accounts receivable balance (gross), ending

3,006.0 1,574

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

b) calculate the average collection period.

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