Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of

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Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas.

Instructions
Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collectionexperiences.

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 10:56 AM

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Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of

Question:

Nike adidas 19,17 $10,381 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 78.4 110.8 2,873.7 2,994.7 119 124 1,743 1,553

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Both companies have the same turnover ratios and average co...View the full answer

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