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Exercise 8-14 Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery compay (in millions) 2016 3,417

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Exercise 8-14 Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery compay (in millions) 2016 3,417 $4,119 3,325 4,086 Accounts recelvable (gross) Accounts recelvable (net) Allowance for doubtful accounts Sales revenue Total current assets 92 38,679 39,096 7,4677,863 Answer each of the following questions Your answer is incorrect. Try again. 65 days for calculation.) Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to I decimal place, e.g. 12.5. Use a times Accounts receivable turnover days The average collection period for 2017

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