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FedEx Corporation reported the following rounded amounts ( in millions ) : 2 0 1 9 2 0 1 8 Accounts Receivable $ 9 ,
FedEx Corporation reported the following rounded amounts in millions:
Accounts Receivable $ $
Allowance for Doubtful Accounts
Accounts Receivable, Net of Allowance $ $
Net Sales assume all on credit $ $
Required:
Determine the receivables turnover ratio and days to collect for
Do the measures calculated in requirement represent an improvement or deterioration in receivables turnover, compared to when the turnover was Determine the receivables turnover ratio and days to collect for Use days in a year. Do not round intermediate calculations. Round your final answers to decimal place.
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