Question: Presented here is selected financial information from the 2011 financial statements of Nike (in U.S. millions) and Adidas (in euro millions): ___________________________________ Nike _ Adidas

Presented here is selected financial information from the 2011 of Nike (in U.S. millions) and Adidas (in euro millions):
_________________________________________ Nike _______ Adidas
Sales ..................................................... $20,862 ....... €13,344
Allowance for doubtful accounts, Jan. 1 ............. 74 ......... 127
Allowance for doubtful accounts, Dec. 31 .......... 74 ......... 151
Accounts receivable balance (net), Jan. 1 ............ 2,650 ......... 1,667
Accounts receivable balance (net), Dec. 31 ......... 3,138 ......... 1,707
Instructions
Calculate the receivables turnover and average collection period for both companies and compare the two companies. Comment on the difference in the two companies' collection experiences.
TAKING IT FURTHER
Adidas's are prepared using euros, while Nike uses U.S. dollars. How does this affect our ability to compare sales for the two companies? To compare the receivables turnover and collection period?

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