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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 31
20202019
Accounts Receivable $ 5,942 $ 5,695
Less: Allowance for Doubtful Accounts 533536
Accounts Receivable, Net of Allowance $ 5,409 $ 5,159
Net Sales (assume all on credit) $ 40,278 $ 37,014
Required:
1. Determine the receivables turnover ratio and days to collect for 2020.(Consider a 365 days a year. Round your intermediate calculations and final answers to 1 decimal place.)

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