Question: Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas . Nike Adidas Sales revenue

Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas.

Nike

Adidas
Sales revenue $20,476.5 $11,080.8
Allowance for doubtful accounts, beginning 78 120
Allowance for doubtful accounts, ending 110 122
Accounts receivable balance (gross), beginning 2,862 1,750
Accounts receivable balance (gross), ending 2,936 1,570

Calculate the accounts receivable turnover for both companies.

Calculate the average collection period for both companies.

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