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

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

Nike

adidas

Sales revenue

 $ 20,161 $ 9,941

Allowance for doubtful accounts, beginning

 84.6 108

Allowance for doubtful accounts, ending

 120 133

Accounts receivable balance (gross), beginning

 3,128 1,797

Accounts receivable balance (gross), ending

 3,243.0 1,611

(a)

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

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