Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas.

Problem 8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending adidas $18,826$11,154 113 129 1,825 1,621 70.8 2,806 2,925.0 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 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 days days