CAN SOMEONE HELP ME FIGURE OUT THE TIMES IN THE IMAGE? ### Financial Analysis of Nike and adidas - 2020 Annual Reports#### Basic Financial Information (in millions)The table below presents basic financial information 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 |#### Accounts Receivable Turnover CalculationTo calculate the accounts receivable turnover for both companies, use the formula:\[ \text{Accounts Receivable Turnover} = \frac{\text{Sales Revenue}}{\text{Average Accounts Receivable}} \]where\[ \text{Average Accounts Receivable} = \frac{\text{Beginning Accounts Receivable} + \text{Ending Accounts Receivable}}{2} \]**Example calculation for Nike:**1. Calculate the average accounts receivable: \[ \text{Average Accounts Receivable} = \frac{2,884.3 + 2,913.2}{2} = 2,898.75 \]2. Calculate the accounts receivable turnover: \[ \text{Accounts Receivable Turnover} = \frac{23,825.5}{2,898.75} \approx 8.2 \text{ times} \]**Example calculation for adidas:**1. Calculate the average accounts receivable: \[ \text{Average Accounts Receivable} = \frac{1,754 + 1,558}{2} = 1,656 \]2. Calculate the accounts receivable turnover: \[ \text{Accounts Receivable Turnover} = \frac{13,056}{1,656} \approx 7.9 \text{ times} \]#### (a1) Calculation TaskCalculate the accounts receivable turnover for both companies.| **Nike** |

Accounts receivable turnover = Sales revenue/Average net accounts receivable

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