Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nik Nike adidas Sales revenue $22,752.8 $12.264 Allowance for doubtful accounts, beginning 79.8 111 Allowance for doubtful accounts, ending 115.4 133 Accounts receivable balance (gross), beginning 2,884.4 1,757 Accounts receivable balance (gross), ending 2,999.0 1,553 (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 eTextbook and Media Save for Later Attempts: 0 of 3 used

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nik Nike adidas Sales revenue $22,752.8 $12.264 Allowance for doubtful accounts, beginning 79.8 111 Allowance for doubtful accounts, ending 115.4 133 Accounts receivable balance (gross), beginning 2,884.4 1,757 Accounts receivable balance (gross), ending 2,999.0 1,553 (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 eTextbook and Media Save for Later Attempts: 0 of 3 used

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 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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(a1)

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas.
Nike
adidas
Sales revenue
$22,752.8
$12.264
Allowance for doubtful accounts, beginning
79.8
111
Allowance for doubtful accounts, ending
115.4
133
Accounts receivable balance (gross), beginning
2,884.4
1,757
Accounts receivable balance (gross), ending
2,999.0
1,553
(a1)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg. 12.5.)
Nike
adidas
Accounts receivable turnover
times
times
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
(a2)
The parts of this question must be completed in order. This part will be available when you complete the part above.

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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	Nike	adidas
Sales revenue	$22,752.8	$12,264
Allowance for doubtful accounts, beginning	79.8	111
Allowance for doubtful accounts, ending	115.4	133
Accounts receivable balance (gross), beginning	2,884.4	1,757
Accounts receivable balance (gross), ending	2,999.0	1,553