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) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2022 $ 3,620 3,300 320 2021 $4,570 4,300 270 36,320 7,250 33,820 7,166 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx (Round answers to 1 decimal place, 6.9. 12.5. Use 365 days for calculation.) Accounts receivable turnipver times The average collection period for 2022 days LINK TO TEXT LINK TO VIDEO Is accounts receivable a material component of the company's total current assets? AMT