Question: 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

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.

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

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