Calculate the account receivable turnover for both companies

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Reference no: EM131988201

Problem

Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas.


Nike

adidas

Sales revenue

$21,049

$11,187

Allowance for doubtful accounts, beginning

77.7

114

Allowance for doubtful accounts, ending

120

112

Accounts receivable balance (gross), beginning

2,666

1,671

Accounts receivable balance (gross), ending

2,777.0

1,473

Calculate the accounts receivable turnover for both companies.

Calculate the average collection period for both companies.

Reference no: EM131988201

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