Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas.

		Nike		Adidas
Sales revenue		$18,572.4		$10,817.4
Allowance for doubtful accounts, beginning		75.0		125.0
Allowance for doubtful accounts, ending		111.0		128.0
Accounts receivable balance (gross), beginning		2,843.0		1,866.0
Accounts receivable balance (gross), ending		2,971.0		1,665.0

(a1)

Correct answer iconYour answer is correct.

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

		Nike			Adidas
Accounts receivable turnover		enter the accounts receivable turnover in times rounded to 1 decimal place	times		enter the accounts receivable turnover in times rounded to 1 decimal place	times

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(a2)

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 the average collection period in days rounded to 1 decimal place	days		enter the average collection period in days rounded to 1 decimal place	days