Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports...

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Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. Nike adidas Sales revenue $18,891.7 9,491.6 Allowance for doubtful accounts, beginning 82.0 121 Allowance for doubtful accounts, ending 100.0 123 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,127.0 1,778 3,249.0 1,578 (a1) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover Nike times adidas times Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas. Nike adidas Sales revenue $18,891.7 9,491.6 Allowance for doubtful accounts, beginning 82.0 121 Allowance for doubtful accounts, ending 100.0 123 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,127.0 1,778 3,249.0 1,578 (a1) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover Nike times adidas times

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1 Net Credit Sales Nike 188917 million adidas 94916 million 2 Average Accounts Receiva... View the full answer