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A recent annual report for FedEx Corporation contained the following data ( in millions ) : May 3 1 2 0 2 0 2 0
A recent annual report for FedEx Corporation contained the following data in millions:
May
Accounts Receivable $ $
Less: Allowance for Doubtful Accounts
Accounts Receivable, Net of Allowance $ $
Net Sales assume all on credit $ $
Required:
Determine the receivables turnover ratio and days to collect for Consider a days a year. Round your intermediate calculations and final answers to decimal place.
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