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

Suppose the amounts presented here are basic financial information (in millions) from

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,792.9 $8,656.2 Allowance for doubtful accounts, beginning 87.0 110.0 Allowance for doubtful accounts, ending 111.0 112.0 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,017.0 1,588.0 3,147.0 1,382.0 (a1) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover eTextbook and Media Save for Later Nike times Adidas tin Attempts: 0 of 3 used Submit Answer

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