Presented here is selected information for Nike, Inc. (in U.S. $ millions) and Adidas AG (in euro millions): Nike Adidas Sales 21,915 $39,397 19 174 Allowance for doubtful accounts, beginning of year Allowance for doubtful accounts, end of year Accounts receivable (gross), beginning of year 30 193 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 77 times and the average collection period was 47.4 days. (Round receivables turnover to 1 decimal place, es. 5.2. Round average collection period to nearest whole day, eg, 15.)