Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual...
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Accounting
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $ 17,945.2 $ 8,526.0 Allowance for doubtful accounts, beginning 79.0 118.0 Allowance for doubtful accounts, ending 112.0 126.0 Accounts receivable balance (gross), beginning 3,130.0 1,685.0 Accounts receivable balance (gross), ending 3,249.0 1,499.0 (a1) X Your answer is incorrect. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike Adidas Accounts receivable turnover 2.9 times 2.9 times
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