Question: Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas $20,224 $11,383 Sales



Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas $20,224 $11,383 Sales revenue Allowance for doubtful accounts, beginning 70.7 111 102 112 Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning 1,806 2,804 2,913.0 1,629 Accounts receivable balance (gross), ending X Your answer is incorrect. Try again. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) adidas Nike times times Accounts receivable turnover 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 days days Average collection period
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