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Business, 15.04.2020 01:49 daplol22222
Presented here is basic financial information (in millions) from the annual reports of Nike and Adidas.
Nike Adidas
Sales $18,627 $10,299
Allowance for doubtful accounts, Jan. 1 71.5 112
Allowance for doubtful accounts, Dec. 31 78.4 111
Accounts receivable balance (gross), Jan 1 2,566.2 1,527
Accounts receivable balance (gross), Dec. 3 12,873.7 1,570
Required:
Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences.
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Presented here is basic financial information (in millions) from the annual reports of Nike and Adid...
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