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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