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NIKE inc designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. Under...

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Accounting

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NIKE inc designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. Under Armour Inc, develops, markets, and distributes branded performance apparel, footwear, and accessonies. The following financial information is reported by both companies. Note: Year 3 is the most recent year. Required a. Compute the accounts receivable turnover ratio and the average days to collect receivables for Year Three and for both Nike and Under Armour. b. Analyze Year 3 results compared to Year 2 results for Nike. Trends in Year 3 as compared to Year 2 for the Nike indicate a c. Analyze Year 3 results compared to Year 2 results for Under Armour. Trends in Year 3 as compared to Year 2 for Under Armour indicate a

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