Problem 8-09A Suppose the amounts presented here are basic financial information in millions) from t

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Problem 8-09A Suppose the amounts presented here are basic financial information in millions) from the 2022 annual reports of

Problem 8-09A Suppose the amounts presented here are basic financial information in millions) from the 2022 annual reports of Nike and Adidas. Adidas $10,817.4 125.0 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending Nike $18,572.4 75.0 111.0 2,843.0 2,971.0 128.0 1,866.0 1,665.0 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike Adidas Accounts receivable turnover times times 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 Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

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