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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 $18,792.9
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,792.9 $8,656.2 87.0 110.0 Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending 111.0 112.0 Accounts receivable balance (gross), beginning 3,017.0 1,588.0 Accounts receivable balance (gross), ending 3,147.0 1,382.0 (a 1) 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 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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