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Current Attempt in Progress Suppose the following information was taken from the 2025 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 2025 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 (a) Your answer is incorrect. Answer each of the following questions. 2025 Accounts receivable turnover $3,650 Average collection period 3,200 450 34,960 7,164 2024 $4,550 4,400 150 Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 37,460 7,280 times days
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