Presented here is selected information forNike, Inc.(in U.S. $ millions) andAdidas AG(in euro millions):

NikeAdidasNet sales$30,60116,915Allowance for doubtful accounts, beginning of year54139Allowance for doubtful accounts, end of year41149Accounts receivable (gross), beginning of year3,4752,085Accounts receivable (gross), end of year3,3582,198

(a)Calculate the receivables turnover and average collection period for both companies. The industry average for the receivables turnover was 9.8 times and the average collection period was 37 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 AG

(in euro millions)Receivables turnover

times

timesAverage collection period

days

days