USING 2018 CONSOLIDATE STATEMENT OF FINANCIAL POSITION AND NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FROM THE ANNUAL REPORT OF ADIDAS COMPANY, PLEASE ANSWER THE FOLLOWING QUESTIONS. ACCOUNTS RECEIVABLE (SEE NOTE #09) 1. Evaluate the ending balance of accounts receivable. Are there any significant changes in the amount of loss allowances? 2. Using a company of your choice, compare bad debt % of the company with that of Adidas. What do we know from the difference? INVENTORIES (SEE NOTE #10) 1. Explain different types of inventory accounts Adidas maintains. 2. What is “allowance for obsolescence” for inventories? Explain. 3. Using a company of your choice, compare % of allowance and inventory turnover ratio between the two companies. What do we know from the differences?