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A recent annual report for FedEx Corporation contained the following data ( in millions ) : Required: Determine the receivables turnover ratio and days to

A recent annual report for FedEx Corporation contained the following data (in millions):
Required:
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.)A recent annual report for FedEx Corporation contained the following data (in millions): May 3120202019 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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