Presented here is selected information for Nike, Inc. (in U.S. $ millions) and Adidas AG (in euro millions):

Instructions
(a) Calculate the receivables turnover and average collection period for both companies. The industry average for the receivables turnover was 9.8 times and the average collection period was 37 days.
(b) Comment on the difference in the two companies' collection experiences, and that of their industry counterparts.

Nike Adidas $30,601 16,915 Allowance for doubtful accounts, beginning of year54139 1149 3,475 2,085 3,358 2,198 Net sales Allowance for doubtful accounts, end of year Accounts receivable (gross), beginning of year Accounts receivable (gross), end of year