Calculate the accounts receivable turnover and average, Accounting Basics

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Calculate the accounts receivable turnover and average

Question: Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas.

Instructions: Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences.

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Accounting Basics: Calculate the accounts receivable turnover and average

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Accounting Basics: Calculate the accounts receivable turnover and average

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