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Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Sales revenue Allowance for doubtful
Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross). ending Nike $21,613.9 78.1 116.6 2.885.6 2,923.1 adidas $11,781 115 135 1,740 1,570 (21) Your answer is incorrect. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place. eg 125.) 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 days Average collection period days
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