Problem 8-9A Suppose the amounts presented here are basic financial information (in millions) from the...
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Problem 8-9A Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending adidas $20,272 $11,335 125 118 1,666 1,460 85.8 118 2,668 2,793.0 Your answer is incorrect. Try again Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike adidas Accounts receivable turnover times 7. times KI Your answer is incorrect. Try again 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 days days Click if you would like to Show Work for this question: Open Show Work
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