Please explain or show work on how you got your answer.
Homework Answers
a) Account receivable turnover
| Nike | Adidas | |
| Account receivable turnover | 20833/2830.70 = 7.4 | 9437/1454.5 = 6.5 |
b) Average collection period
| Nike | Adidas | |
| Average collection period | 365/7.4 = 49.3 Days | 365/6.5 = 56.2 Days |
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Please explain or show work on how you got your answer.
Nike Sales revenue Allowance for...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (grass), beginning Accounts receivable balance (grass), ending 121.0 2,7610 2.881.0 x Your answer is incorrect. Try again. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover LINK TO TEXT X] your answer is incorrect. Try...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial
information (in millions) from the 2022 annual reports of
Nike and Adidas.
Nike
Adidas
Sales revenue
$18,891.7
$9,491.6
Allowance for doubtful accounts, beginning
82.0
121.0
Allowance for doubtful accounts, ending
100.0
123.0
Accounts receivable balance (gross), beginning
3,127.0
1,778.0
Accounts receivable balance (gross), ending
3,249.0
1,578.0
Calculate the accounts receivable turnover for both companies.
(Round answers to 1 decimal place, e.g.
12.5.)
Nike
Adidas
Accounts receivable turnover
enter the accounts receivable turnover...
Problem 8-09A Suppose the amounts presented here are basic financial information (in millions) from the 2022...
Problem 8-09A Suppose the amounts presented here are basic financial information (in millions) from the 2022 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 Nike $17,464.8 76.0 106.0 3,093.0 3,217,0 Adidas $7,831.8 130.0 135.0 1,608.0 1,405.0 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 LINK...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,945.7 $10,841.0 83.0 110.0 Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending 107.0 113.0 Accounts receivable balance (gross), beginning 2,865.0 1,676.0 Accounts receivable balance (gross), ending 2,986.0 1,477.0 (21) 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
uppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports...
uppose the amounts presented here are basic financial
information (in millions) from the 2020 annual reports of
Nike and adidas.
Nike
adidas
Sales revenue
$18,954.3
$10,251
Allowance for doubtful accounts, beginning
76.8
116
Allowance for doubtful accounts, ending
107.1
131
Accounts receivable balance (gross), beginning
2,886.9
1,754
Accounts receivable balance (gross), ending
2,955.0
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
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,980.0 $11,632.0 Allowance for doubtful accounts, beginning 78.0 114.0 Allowance for doubtful accounts, ending 120.0 122.0 Accounts receivable balance (gross), beginning 2,666.0 1,671.0 Accounts receivable balance (gross), ending 2,777.0 1,473.0 (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 e Textbook...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,040.8 $10,289.5 Allowance for doubtful accounts, beginning 84.6 109.0 Allowance for doubtful accounts, ending 120.0 133.0 1.797.0 Accounts receivable balance (gross), beginning 3,128.0 Accounts receivable balance (gross), ending 3,243.0 1.6110 (21) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, es. 12.5.) Adidas Nike times Accounts receivable turnover
Suppose the amounts presented here are basic financial Information (in millions) from the 2022 annual reports...
Suppose the amounts presented here are basic financial Information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,577,0 $10,738.0 Allowance for doubtful accounts, beginning 84.0 116.0 Allowance for doubtful accounts, ending 119.0 119.0 2,899.0 1,871.0 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,020.0 1,668.0 al) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, 68. 12.50 Adidas Nike times times Accounts receivable turnover e Textbook...
Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the 2017 financial statements...
Exercise 8-14 (Part Level Submission)
Suppose the following information was taken from the 2017 financial
statements of FedEx Corporation, a major global
transportation/delivery company.
(in millions)
2017
2016
Accounts receivable (gross)
$ 3,852
$ 4,692
Accounts receivable (net)
3,425
4,599
Allowance for doubtful accounts
427
93
Sales revenue
33,684
36,359
Total current assets
7,758
7,628
Answer each of the following questions.
(a)
Your answer is incorrect. Try again.
Calculate the accounts receivable turnover and the average
collection period for 2017...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wildhorse Co. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,200 of merchandise to Rian Company, terms 1/30, Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (grass), beginning Accounts receivable balance (grass), ending 121.0 2,7610 2.881.0 x Your answer is incorrect. Try again. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover LINK TO TEXT X] your answer is incorrect. Try...
Suppose the amounts presented here are basic financial
information (in millions) from the 2022 annual reports of
Nike and Adidas.
Nike
Adidas
Sales revenue
$18,891.7
$9,491.6
Allowance for doubtful accounts, beginning
82.0
121.0
Allowance for doubtful accounts, ending
100.0
123.0
Accounts receivable balance (gross), beginning
3,127.0
1,778.0
Accounts receivable balance (gross), ending
3,249.0
1,578.0
Calculate the accounts receivable turnover for both companies.
(Round answers to 1 decimal place, e.g.
12.5.)
Nike
Adidas
Accounts receivable turnover
enter the accounts receivable turnover...
Problem 8-09A Suppose the amounts presented here are basic financial information (in millions) from the 2022 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 Nike $17,464.8 76.0 106.0 3,093.0 3,217,0 Adidas $7,831.8 130.0 135.0 1,608.0 1,405.0 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 LINK...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,945.7 $10,841.0 83.0 110.0 Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending 107.0 113.0 Accounts receivable balance (gross), beginning 2,865.0 1,676.0 Accounts receivable balance (gross), ending 2,986.0 1,477.0 (21) 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
uppose the amounts presented here are basic financial
information (in millions) from the 2020 annual reports of
Nike and adidas.
Nike
adidas
Sales revenue
$18,954.3
$10,251
Allowance for doubtful accounts, beginning
76.8
116
Allowance for doubtful accounts, ending
107.1
131
Accounts receivable balance (gross), beginning
2,886.9
1,754
Accounts receivable balance (gross), ending
2,955.0
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
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,980.0 $11,632.0 Allowance for doubtful accounts, beginning 78.0 114.0 Allowance for doubtful accounts, ending 120.0 122.0 Accounts receivable balance (gross), beginning 2,666.0 1,671.0 Accounts receivable balance (gross), ending 2,777.0 1,473.0 (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 e Textbook...
Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $20,040.8 $10,289.5 Allowance for doubtful accounts, beginning 84.6 109.0 Allowance for doubtful accounts, ending 120.0 133.0 1.797.0 Accounts receivable balance (gross), beginning 3,128.0 Accounts receivable balance (gross), ending 3,243.0 1.6110 (21) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, es. 12.5.) Adidas Nike times Accounts receivable turnover
Suppose the amounts presented here are basic financial Information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,577,0 $10,738.0 Allowance for doubtful accounts, beginning 84.0 116.0 Allowance for doubtful accounts, ending 119.0 119.0 2,899.0 1,871.0 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,020.0 1,668.0 al) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, 68. 12.50 Adidas Nike times times Accounts receivable turnover e Textbook...
Exercise 8-14 (Part Level Submission)
Suppose the following information was taken from the 2017 financial
statements of FedEx Corporation, a major global
transportation/delivery company.
(in millions)
2017
2016
Accounts receivable (gross)
$ 3,852
$ 4,692
Accounts receivable (net)
3,425
4,599
Allowance for doubtful accounts
427
93
Sales revenue
33,684
36,359
Total current assets
7,758
7,628
Answer each of the following questions.
(a)
Your answer is incorrect. Try again.
Calculate the accounts receivable turnover and the average
collection period for 2017...
Question 3 View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wildhorse Co. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,200 of merchandise to Rian Company, terms 1/30, Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note...
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