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Business, 10.03.2020 20:37 mruffier8909

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,590.4 $9,784.8 Allowance for doubtful accounts, beginning 77.0 129.0 Allowance for doubtful accounts, ending 119.0 133.0 Accounts receivable balance (gross), beginning 2,614.0 1,580.0 Accounts receivable balance (gross), ending 2,746.0 1,400.0 1. Calculate the accounts receivable turnover for both companies. 2. Calculate the average collection period for both co

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