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Suppose the amounts presented here are basic financial information (in millions) from the...

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Accounting

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas.NikeAdidasSales revenue$21,060.4$9,804.8Allowance for doubtful accounts, beginning80.0118Allowance for doubtful accounts, ending112.0126Accounts receivable balance (gross), beginning2,842.01,750Accounts receivable balance (gross), ending3,042.01,558(a1)-Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, eg.12.5.)NikeAdidasAccounts receivable turnover7.4times ? times

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