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The following information (in 9 millions) was taken from recent annual reports of Nike and Under Armour. Nike $36,397.0 Sales revenue Average accounts receivable balance

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The following information (in 9 millions) was taken from recent annual reports of Nike and Under Armour. Nike $36,397.0 Sales revenue Average accounts receivable balance Under Armour $4,976,5 $616.2 $3,587.5 (a1) Your answer is correct. Calculate each company's accounts receivable turnover. (Round answers to 1 decimal place, e.g. 50.1.) Accounts receivable turnover Nike 10.2 times Under Armour 8.1 times (a2) Your answer is incorrect. Calculate each company's average collection period. (Round answers to 1 decimal places, e.g. 50.1. Use 365 days for calculation.) Average collection period Nike days Under Armour days e Textbook and Media

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