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Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas . Nike adidas Sales revenue
Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas.
Nike | adidas | |||
---|---|---|---|---|
Sales revenue | $ 20,161 | $ 9,941 | ||
Allowance for doubtful accounts, beginning | 84.6 | 108 | ||
Allowance for doubtful accounts, ending | 120 | 133 | ||
Accounts receivable balance (gross), beginning | 3,128 | 1,797 | ||
Accounts receivable balance (gross), ending | 3,243.0 | 1,611 |
(a)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
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