Question: Uppose the amounts presented here are basic financial information (in millions) from the 2020 ann...

uppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas.

		Nike		adidas
Sales revenue		$23,872.8		$12,936
Allowance for doubtful accounts, beginning		77.2		107
Allowance for doubtful accounts, ending		106.8		128
Accounts receivable balance (gross), beginning		2,870.1		1,760
Accounts receivable balance (gross), ending		2,997.9		1,555

(a1)

Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)

		Nike			adidas
Accounts receivable turnover			times			times