Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $23,825.5 $13,056 Allowance for doubtful accounts, beginning 76.8 100 Allowance for doubtful accounts, ending 114.7 140 Accounts receivable balance (gross), beginning 2,884.3 1.754 Accounts receivable balance (gross), ending 2,913.2 1,558 (a1) 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

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $23,825.5 $13,056 Allowance for doubtful accounts, beginning 76.8 100 Allowance for doubtful accounts, ending 114.7 140 Accounts receivable balance (gross), beginning 2,884.3 1.754 Accounts receivable balance (gross), ending 2,913.2 1,558 (a1) 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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...

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