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Problem 8-09A Suppose the amounts presented here are basic financial information (in millions) from the 2022...
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...
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
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...
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
Please explain or show work on how you got your answer. Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending $20,833 82.6 107 2,865 2,986.0 adidas $9,437 131 113 1,676 1,477 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.) Nike adidas 5.0 Accounts receivable turnover T 7.1 times | times LINK...
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2022 2021 Accounts receivable (gross) $3,800 $ 4,520 3,450 4,350 Accounts receivable (net) Allowance for doubtful accounts 350 170 Sales revenue 36,660 39,160 7,178 7,284 Total current assets Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days...
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts 2022 2021 $3,750 $4,610 3.400 4,350 350 260 31,775 34,275 7,168 7,318 Sales revenue Total current assets Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for...