please help in question 2, I picked D & i was incorrect. everything else is correct.

Accounts Receivable Turnover for Nike The financial statements included in the 2014 Form 10-K of Nike reported the following amounts (in milions of dollars) Revenues, for the year ended May 31, 2014 $26,999 Accounts receivable, net, May 31, 2014 3,434 Accounts receivable, net, May 31, 2013 3,117 Required: Assume 360 days per year. Round the accounts receivable turnover ratio to two decimal places. Round the average collection period to the nearest whole number. Do not round intermediate calculations 1. The accounts receivable turnover ratio for Nike for the year ended, May 31, 2014 is 8.24 times and the average collection period in days is 44 days is the time in days it takes to collect an accounts receivable 2. All of the following would be the types of customers that Nike would have EXCEPT for: a. Consumers b. Running shoe stores c. Sporting poods chains d. Department store chains This 3. Select the answer that would be helpful to determine if the average collection period for sales is reasonable: a. Industry comparisons b. Prior years comparisons Credit terms d. All of the above would be helpful Previous Next