Current Attempt in Progress Presented here is selected information for Nile, Inc. (in U.S.S millions) and Adidas AG (in euro millions): Nike Adidas 21.915 Sales $39,397 19 174 30 193 Allowance for doubtful accounts, beginning of year Allowance for doubtful accounts, end of year Accounts receivable (gross), beginning of year Accounts receivable (gross), end of year 3,696 2,484 3,528 2,612 (a) Calculate the receivables turnover and average collection period for both companies for the current year. The industry average for the receivables turnover was 7.7 times and the average collection period was 47.4 days. (Round receivables turnover to 1 decimal place, e.g. 5.2. Round average collection period to nearest whole day, e.g. 15.) Nike (in U.S. $ millions) Adidas (in euro millions) times times Receivables turnover days days Average collection period Attempts: 0 of 3 used Submit Answer Save for Later