Question: I am having trouble finding the solution to this problem. Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual

 I am having trouble finding the solution to this problem. Suppose

I am having trouble finding the solution to this problem.

the amounts presented here are basic financial information (in millions) from the

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $18,430.1 $10,036 Allowance for doubtful accounts, beginning 75.8 105 Allowance for doubtful accounts, ending 114.5 124 Accounts receivable balance (gross), beginning 2.886.3 1,753 Accounts receivable balance (gross), ending 2,974.8 1,564 (a 1) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)

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