A recent annual report for FedEx contained the following data:

	(dollars in thousands)
	Current Year				Previous Year
Accounts receivable		$	3,667,000			$	4,657,000
Less: Allowance for doubtful accounts			186,000				156,000
Net accounts receivable		$	3,481,000			$	4,501,000
Net sales (assume all on credit)		$	34,597,000

4. A recent annual report for FedEx contained the following data (dollars in thousands) Current Ye Previous Year Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable ar $ 3,667,000 186,000 4,657,000 156,000 3,481,000 4501.000 Net sales (assume all on credit) $ 34,597,000 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 times Denominator verage Days Sales in Recelvables Numerator days Denominator