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Rahos 3. Presented here i ba mancial information (in millions) from the annual reports ot...

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Accounting

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Rahos 3. Presented here i ba mancial information (in millions) from the annual reports ot Nike and Adidas. NikeAdidas $18,627 $10,299 112 Sales Allowance for doubtful sicoounts, Jan1 Allowance for doubtfal accounts, Dec. 31 Accounts receivable balance (gross), Jan 1 Accounts receivable balance (gross), Dec. 31 71.5 78.4 2,566.2 2,873.7 1,527 1,570 Calculate the receivables turnover ratio and average collection period for both companies. Ch.8)

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