Question: Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas. Instructions Calculate the accounts receivable

Suppose the amounts presented here are basic financial information (in millions) from the 2014 annual reports of Nike and adidas.

Instructions
Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collectionexperiences.

Nike adidas 19,17 $10,381 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 78.4 110.8 2,873.7 2,994.7 119 124 1,743 1,553

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