Question: Problem 9-08A a1-a2 (Part Level Submission) Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and


Problem 9-08A a1-a2 (Part Level Submission) Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas adidas $18,430.1 $10,036 105 124 1,753 1,564 Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 75.8 114.5 2,886.3 2,974.8 (a1) Your answer is correct. Calculate the accounts receivable turnover for both companies. (Round anwers to 1 decimal place, e.g. 12.5.) Nike adidas Accounts receivable turnover 6.5 times 6.5 times Click if you would like to Show Work for this question: Open Show Work (a2) Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Nike adidas Average collection period days days Click if you would like to Show Work for this question: Open Show Work
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