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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

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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) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2017 $ 3,488 3,231 257 33,480 6,987 2016 $ 4,225 3,923 302 35,299 6,756 Answer each of the following questions Ca te the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round to I decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2017 days

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