Question: Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas . Nike adidas Sales revenue

Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas.

Nike

adidas

Sales revenue

$18,136.6 8,299.8

Allowance for doubtful accounts, beginning

72.0 107

Allowance for doubtful accounts, ending

115.0 112

Accounts receivable balance (gross), beginning

3,159.0 1,627

Accounts receivable balance (gross), ending

3,282.0 1,454

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

Nike

adidas

Accounts receivable turnover

enter a number of times rounded to 1 decimal place times enter a number of times rounded to 1 decimal place times

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

enter a number of days rounded to 1 decimal place days enter a number of days rounded to 1 decimal place days

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