Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike (USA) and adidas (DEU) Instructions Calculate the accounts receivable turnover and average collection period for both companies Comment on the difference in their collection experie...

a 28737 784 b 29947 1108 c 1743 119 d 1553 124 Bot ...

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of

Question:

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike (USA) and adidas (DEU).

adidas Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts re

Instructions
Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

See More Books

Question Posted: Jun 25, 2019 09:48 AM

See More Questions

Determine productivity ratios including receivables turnover and average collection period in year2. 2012 Income Statement ($Million) Net sales Less: Cost of goods sold Less: Depreciation Earnings...
Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable $2,712 6,444 615...
Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4 years if the yearly interest rate on the market is 12% (quarterly capitalisation). a. about 6277.07 PLN b. about...
What are the main advantages and disadvantages of using 360 degree appraisal?
a. For each of the acid-base reactions in Section 1.17, compare the pKa values of the acids on either side of the equilibrium arrows and convince yourself that the position of equilibrium is in the...
Do the graphs of the function have any horizontal tangents in the interval 0 x 2? If so, where? If not, why not? Visualize your findings by graphing the functions with a grapher. y = x + 2 cos x
A company wishes to hedge its exposure to a new fuel whose price changes have a 0.6 correlation with gasoline futures price changes. The company will lose $1 million for each 1 cent increase in the...
At December 31, 2011, Littman Company reported this information on its balance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts 78,000 During 2012, the company had the...
You are given the following algorithm written in pseudocode where the entries of the input array A and the input k are positive integer numbers. Also, assume that array A has sufficiently large...
In this mini-case, you will complete the test of details on accounts receivable for the 2019 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or...
On January 1, 2020, Harter Wholesalers had Accounts Receivable 139,000, Notes Receivable 25,000, and Allowance for Doubtful Accounts 13,200. The note receivable is from Willingham Company. It is a...
The adjusted trial balance of Yoon Imports for the year ended December 31, 2020, is as follows (amounts in thousands): Instructions Prepare an income statement, owners equity statement, and a...
The following functions have exactly one isolated peak or one isolated depression (one local maximum or minimum). Use a graphing utility to approximate the coordinates of the peak or depression. 2...
Knowledge Check 03 Duffy Incorporated, had net income of $95,000 for the year just ended. Duffy collected the following additional information to prepare its statement of cash flows for the year....
(1) A bank granted a credit to 62 firms in the construction business and to 45 firms in the waste management business. Among these firms, 5 firms in the construction business and 6 firms in the waste...
Question 8 Liabilities are generally classified on a statement of financial position as (A) Small liabilities and large liabilities B) Present liabilities and future liabilities Tangible liabilities...
27) A zero-coupon bond with 5 years remaining until maturity is trading at 630 Riyals if the face value was 1000 Riyals, what is the Bond yield to maturity (YTM)? I/y = ? 9.681139.7 A) 10.4% B) 8.3%...
3. MomMade stocks are being sold at Rs. 250 per share. Given the information that the company has an equity cost of capital of 10%, and that it recently paid a dividend of Rs. 15 which is expected to...
Refer to the information for Lauren Ashley above. In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for...
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
What are consolidated financial statements?
What are consolidated financial statements?
What are the valuation guidelines for investments at a balance sheet date?
The Mendez family is considering a mortgage loan of $ 3 5 0 , 5 0 0 at an annual interest rate of 6 . 7 % . ( a ) How much greater is their mortgage payment if the term is 2 0 years rather than 3 0...
Think of an organization that you consider a leader in technological innovation, especially within the domain of information technology. Research that organization's history and business practices....
Matthews, Mitchell, and Michaels are partners in BG Land Development Company and share losses in a 5:4:1 ratio, respectively. The balance sheet on June 30, 20X1, when they decide to liquidate the...

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of

Question:

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

Step by Step Answer:

a 28737 784 b 29947 1108 c 1743 119 d 1553 124 Bot...View the full answer

Accounting Principles

Students also viewed these Business questions