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Suppose the amounts presented here are basic financial information in millions from the 2017 annual reports of NCalculate the average collection period

Ouestion 4 Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of NCalculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for ca

Ouestion 4 Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas Sales revenue $18,820 $9,361 Allowance for doubtful accounts, beginning 71,5 129 Allowance for doubtful accounts, ending 102 122 Accounts receivable balance (gross), beginning 2,740 1,833 Accounts receivable balance (gross), ending 2,859.0 1.645 (a) Calculate the accounts receivable turnover for both companies. (Round answers to declmal place, e.g. 12.5.) Nike adidas Accounts receivable turnover times times LINK TO TEXT 5 used Attempts: 0 SAVE FOR LATER SUBMIT ANSWER 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 days days Average collection period LINK TO TEXT

Feb 08 2020 View more View Less

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