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Downloadable eTextbook ssignment CALCULATOR FULL SCREEN LS PRINTER VERSION 1 BA Exercise 8-16 a-b Suppose the following information was taken from the 2022 financial statements

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Downloadable eTextbook ssignment CALCULATOR FULL SCREEN LS PRINTER VERSION 1 BA Exercise 8-16 a-b 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 $4,570 Accounts receivable (net) 3,300 4,300 Allowance for doubtful accounts 320 270 Sales revenue 33,820 36,320 Total current assets 7,166 7,250 Answer each of the following questions. Your answer is partially correct. Try again. Calculate the accounts receivable turnover and the average collection period for 2022 for Fedex. (Round answers to I decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover 8.2 times The average collection period for 2022 44 days LINK TO TEXT LINK TO VIDEO Polis 1 2000-2020 Ins. Al Rights Reserved. A Division of an Woning Search O RI Versio C 7:1- 10/2

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