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4. < Question 4 (of 5) value: 20.00 points L E6-22 Computing and Interpreting the Receivables Turnover Ratio LO6-3 A recent annual report for
4. < Question 4 (of 5) value: 20.00 points L E6-22 Computing and Interpreting the Receivables Turnover Ratio LO6-3 A recent annual report for FedEx contained the following data: (dollars in thousands) Current Year Previous Year Accounts receivable $ 3,637,000 Less: Allowance for doubtful accounts Net accounts receivable $ 189,000 3,448,000 $ 4,667,000 143,000 $ 4,524,000 Net sales (assume all on credit) $ 35,597,000 Save & Exit Submit Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Enter your answers in thousands not in dollars. Ratio values should be rounded to 2 decimal places.) Numerator Denominator Numerator Denominator Receivables Turnover Ratio times Average Days Sales in Receivables days
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