Recent financial statements of adidas (DEU) report net sales of 21,915 million. Accounts receivable (net) are 2,410

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Recent financial statements of adidas (DEU) report net sales of €21,915 million. Accounts receivable (net) are €2,410 million at the beginning of the year and €2,315 million at the end of the year. Compute adidas’s accounts receivable turnover. Compute adidas’s average collection period for accounts receivable in days.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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