Current Attempt in Progress Presented here is selected information for Nike, Inc. (in U.S. $ millions) and Adidas AG (in euro millions): Nike $39,397 19 Sales 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 Adidas 21,915 174 193 30 3,696 3,528 2,484 2,612 Question 9 of 9 -14 Ili 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 recelvables tumover to 1 decimal place, eg, 5.2. Round average collection period to nearest whole day, eg. 15.) Nike in U.S. $ millions) Adidas (in euro millions) Receivables turnover times times Average collection period days days