Question: How do I find the average collection period for Nike and Adidas? Question 2 of 2 Suppose the amounts presented here are basic funcial information

How do I find the average collection period for Nike and Adidas?
How do I find the average collection period for Nike and Adidas?
Question 2 of 2 Suppose the amounts presented here are basic funcial

Question 2 of 2 Suppose the amounts presented here are basic funcial information in million from the 2022 anual reports of Nike and Adidas Nike Adidas Sales revenue $17.9452 $8,5260 790 1180 Allowance for doubtful account, beginning Allowance for doubtful accounts, ending 1120 1260 31300 16050 Accounts receivable balance (gros), beginning Accounts receivable balance (gros), ending 32490 1,499,0 (1) Your answer is correct Calculate the accounts receivable turnover for both companies (Round answers to 1 decimal ploce a 12.5 Nike Adida times Accounts receivable tumover Textbook and Media Time here to search 38 eTextbook and Media (a2) Calculate the average collection period for both companies (Round answers to 1 decimal place ng 12.5. Une 365 days for calculation) Nike Adidas Average collection period days days eTextbook and Media Type here to search E O

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