Presented here is selected information for Nike, Inc. (in U.S. $ millions) and Adidas AG (in euro millions):

		Nike		Adidas
Sales		$39,397		21,915
Allowance for doubtful accounts, beginning of year		19		174
Allowance for doubtful accounts, end of year		30		193
Accounts receivable (gross), beginning of year		3,696		2,484
Accounts receivable (gross), end of year		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)
Receivables turnover			times			times
Average collection period			days			days