Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike an

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Suppose The Amounts Presented Here Are Basic Financial Information In Millions From The 2022 Annual Reports Of Nike An 1 (91.17 KiB) Viewed 28 times

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and adidas. Nike adidas Sales revenue (credit sales) $17,008.8 $9.222 Allowance for doubtful accounts, beginning 78.4 111 Allowance for doubtful accounts, ending 111.1 127 Accounts receivable balance (gross), beginning 2,870.0 1,747.0 Accounts receivable balance (gross), ending 2,989.1 1,565 (a 1) 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