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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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 | ||
2,884.4 | 1,757 | |||
Accounts receivable balance (gross), ending | 2,999.0 | 1,553 |
(a1)
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