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6 10 points A recent annual report for FedEx contained the following data: Accounts receivable Less Allowances Net accounts receivable (dollars in thousands) Current Year
6 10 points A recent annual report for FedEx contained the following data: Accounts receivable Less Allowances Net accounts receivable (dollars in thousands) Current Year $ 9,416,000 300,000 $ 9,116,000 Previous Year $ 8,882,000 401,000 $ 8,481,000 eBook Print References Net sales (assume all on credit) Required: $ 69,693,000 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. Note: Use 365 days a year. Enter your answers in thousands not in dollars. Numerator Denominator Numerator Denominator Receivables Turnover Ratio Average Days Sales in Receivables times = days
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