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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

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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 (credit sales) $22,581.6 $12,208 Allowance for doubtful accounts, beginning 78.3 102 Allowance for doubtful accounts, ending 113.4 138 Accounts receivable balance (gross), beginning 2,885.4 1,740.0 Accounts receivable balance (gross), ending 2,951.7 1,552 (a1) Your answer is correct. 13 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg 12.5) Accounts receivable turnover Nike 8 times adidas 8 times

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