Exercise 8-14 Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. 2017 2016 (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets $ 3,544 3,303 241 33,102 6,750 $ 4,538 3,949 589 41,435 7,084 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 calculation.) Accounts receivable turnover times The average collection period for 2017 days SHOW LIST OF ACCOUNTS LINK TO TEXT Is accounts receivable a material component of the company's total current assets? Click if you would like to Show Work for this question: Open Show Work