Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas.Sales revenueAllowance for doubtful accounts, beginningAllowance for doubtful accounts, endingAccounts receivable balance (gross), beginningAccounts receivable balance (gross), ending(a1)Your answer is incorrect.Nikeadidas$17,791.2 €10,035.9Accounts receivable turnover86.0110.02,866.02,978.0Nike117times136Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg. 12.5)1,814.1,625adidastimesollred

Accounts receivable turnover reflects how efficiently a company collects outstanding payments. It…

Answered: Calculate the accounts receivable…

Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg. 12.5) Accounts receivable turnover Nike times adidas times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

Suppose the amounts presented here are basic financial information (in millions) from the 2025 annual reports of Nike and adidas.
Sales revenue
Allowance for doubtful accounts, beginning
Allowance for doubtful accounts, ending
Accounts receivable balance (gross), beginning
Accounts receivable balance (gross), ending
(a1)
Your answer is incorrect.
Nike
adidas
$17,791.2 €10,035.9
Accounts receivable turnover
86.0
110.0
2,866.0
2,978.0
Nike
117
times
136
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg. 12.5)
1,814.
1,625
adidas
times
ollred

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