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Current Attempt in Progress Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions)
Current Attempt in Progress Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2017 $3,368 3,242 126 36,395 6,407 2016 $ 4,683 4,392 291 39,677 7,070 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to 1 decimal place, eg. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2017 days
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