9 FedEx Corporation reported the following rounded amounts (in millions): 8 01:41:42 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net Sales (assume all on credit) 2016 $ 7,430 (180) $ 7,250 $50, 370 2015 $ 5,905 (185) $ 5,720 $47,450 Required: 1. Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Receivables Turnover Ratio 6.9 times Days to Collect 52.9 days 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2015 when the turnover was 8.5? O Improvement Decline