Question: Presented here is basic financial information (in millions) from the 2009 annual reports of Nike and Adidas. InstructionsCalculate the receivables turnover ratio and average collection

Presented here is basic financial information (in millions) from the 2009 annual reports of Nike and Adidas.

InstructionsCalculate the receivables turnover ratio and average collection period for both companies.Comment on the difference in their collection experiences.

Adidas Nike Sales Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending $19,176.1 78.4 110.8 2,873.7 2,994.7 $10,381 119 124 1,743 1,553

Step by Step Solution

★★★★★

3.24 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Both companies have very similar turnover ratios and average ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

48-B-A-C-R (276).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

The following information is from the 2009 annual reports of The Coca-Cola Company and of PepsiCo (all amounts are in millions of U.S. dollars). The information for PepsiCo is separated into overall...

Presented here is basic financial information (in millions) from the 2006 annual reports of Nike and Adidas. Instructions Calculate the receivables turnover ratio and average collection period for...

Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers....

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Sales revenue Allowance for doubtful accounts, beginning Allowance for...

Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas . Problem 8-9A Suppose the amounts presented here are basic financial...

At December 31, 2022, the trial balance of Blue Spruce Corp.contained the following amounts before adjustment. Debit Credit $180,300 Accounts Receivable Allowance for Doubtful Accounts $ 1,460 Sales...

Problem 8-9A (Part Level Submission) Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas . a) Calculate the accounts...

Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas . a) Calculate the accounts receivable turnover for both companies. b)...

Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. Calculate the accounts receivable turnover for both companies. (Round...

a2 Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. (a1) Your answer is correct. Calculate the accounts receivable...

What are the differences between a logical view and a physical view of a database? Which would be more important for accountants who are involved in the design of a database that will store business...

In the test of a certain hypothesis, the P-value corresponding to the test statistic is 0.0316. Can the null hypothesis be rejected at the (a) 0.01 level of significance; (b) 0.05 level of...

3 2 . Describe the 3 risk factors in the Fama French 3 Factor Model?

What is the principle of the merger doctrine? 1) Upon acceptance of a deed, the promises or warranties in the purchase contract are automatically incorporated. 2) Acceptance of the deed by the...

1st Balance sheet is for Christian Corp. 2nd balance sheet is a company Christian Corp. acquired 100% of for Cash. What will be the net of the cash flow statement, specifically the operations section...

You have been given the attached information on the Crum Company. Crum expects sales to grow by 50 percent in 2014 and operating costs should increase in proportion to sales. Fixed assets were being...

Assume Farmer Fiona bought a new compact track loader (CTL) and placed it in service March 30, 2019. Total cost for the CTL was $45,000. She estimates that the useful life of this item will be 5...

An aqueous solution of copper(II) acetate has a concentration of 3.99 10 -2 molal. The percent by mass of copper(II) acetate in the solution is %.

Suppose ln J is normally distributed with standard deviation J . Show that the price of a European vanilla option under the jump-diffusion model can be expressed as (Merton, 1976)

Moctezuma Furniture Corporation incurred the following costs. 1. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straight-line depreciation on factory building. 4....

The controller of Billings Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Instructions (a) Determine the fixed and variable...

Bozeman Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown on page 231 for the production of 3,000 units. The utilities and...

Using a business organization of your choice, explain three external forces other than the natural environment (climate, weather) that affect it.

A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.9361%. What is the bond's price? Do not round intermediate calculations. Round your answer...

Ideal for when implementing a new small feature to save the status of the code.