Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company in millions 2017 2016 Accounts receivable (gross) Accounts receivable (net) Allowance Sales revenue Total current assets $3,488 4,225 3,923 302 35,299 6,756 3,231 257 33,480 6,987 for doubtful accounts 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, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2017 days