Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports...

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Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. Nike adidas Sales revenue $20,040.8 10,289.5 Allowance for doubtful accounts, beginning 84.6 109 Allowance for doubtful accounts, ending 120.0 133 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,128.0 1,797 3,243.0 1,611 (a1) Your answer is correct. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover Nike 6.5 times adidas 6.5 times (a2) Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period eTextbook and Media Save for Later Nike days adidas days Attempts: 0 of 3 used Submit Answer Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. Nike adidas Sales revenue $20,040.8 10,289.5 Allowance for doubtful accounts, beginning 84.6 109 Allowance for doubtful accounts, ending 120.0 133 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,128.0 1,797 3,243.0 1,611 (a1) Your answer is correct. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover Nike 6.5 times adidas 6.5 times (a2) Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period eTextbook and Media Save for Later Nike days adidas days Attempts: 0 of 3 used Submit Answer