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CALG Exercise 8-16 -b (Part Level Submission) Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery

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CALG Exercise 8-16 -b (Part Level Submission) Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company (in millions) 2022 2021 Accounts receivable (gross) $ 3,620 $4,540 Accounts receivable (net) 3,400 4,400 Allowance for doubtful accounts 220 140 Sales revenue 36,270 38,770 Total current assets 7,210 7,308 Answer each of the following questions Calculate the accounts receivable turnover and the average collection period for 2002 for FedEx (Round answers to 1 decimal place, 9. 12.5. Used Accounts receivable turnover times The average collection period for 2022 days Click if you would like to Show Work for this questionOpen Show Work Attempts 0 of 2 used SAW (b) The parts of this question must be completed in order. This part will be available when you complete the part above MacBook Air ODO 30 F3 * 9 $ 4 % 5 8 7 3 0 U Y T E R H F

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