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A recent annual report for FedEx contained the following data dollars in thousands $4,717,000 156,000 receivable Accounts Less: Allowance for doubtful accounts Net accounts receivable
A recent annual report for FedEx contained the following data dollars in thousands $4,717,000 156,000 receivable Accounts Less: Allowance for doubtful accounts Net accounts receivable 195,000 5 3,462 000 4,561,000 Net sales (assume all on credit) $ 36,497,000 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.) Receivables Turnover Ratio Numerator imes Denominator Average Days Sales in Recelvables Numerator days Denominator
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