Using Adidas website, financial statements, and Annual Report for 2019 or 10-k complete the information below providing company specifics: Unfortunately, I am not able to add the link to the pdf but a quick google search of Adidas 2019 annual report will lead you to the pdf.

1	What is the balance in receivables at year end? Has it increased or decreased from the prior year? Does it include non-customer receivables? Why would we care?
2	Compute the receivables turnover rate. How does it compare to the industry standard for your company? Note: you will have to find the industry standard. Explain.
3	How does the company account for uncollectible accounts? Has this changed over time? Does this indicate better or worse collection practices? Could management use uncollectible accounts to manage the companys net income? Explain.
4	What is your companys largest current liability? Do you think this seems reasonable for the type of business they are in?
5	What accounts are included as long-term liabilities? Briefly explain what each represents.
6	Calculate the companys current ratio. How does it compare to the industry standard for your company? Note: you will have to find the industry standard. Is this a concern for the financial managers of the firm? Explain.
7	What is the companys debt to equity ratio (total Liabilities/Total Equity)? How does it compare to the industry standard for your company? Note: you will have to find the industry standard. What level of risk does this pose for investors? Explain.