The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively The complete annual reports, including the notes to the financial statements, are available online Instructions Use the companies ' financial information to answer the following questions a Wha...

a For the year 2015 adidas reported net sales of 16915 million and Puma reported net revenue of 3387 ...

The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively.

Question:

The of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively. The complete annual reports, including the notes to the are available online.
Instructions
Use the companies' financial information to answer the following questions.
a. What were adidas's and Puma's net revenues (sales) for the year 2015? Which company increased its revenues more (amounts and percentage) from 2014 to 2015?
b. Are the revenue recognition policies of adidas and Puma similar? Explain.
c. In which foreign countries (geographic areas) did adidas (see Note) and Puma experience significant revenues in 2015?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...