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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):
20192018
Accounts Receivable $9,415 $8,880
Allowance for Doubtful Accounts (300)(400)
Accounts Receivable, Net of Allowance $9,115 $8,480
Net Sales (assume all on credit) $69,690 $65,450
Required:
Determine the receivables turnover ratio and days to collect for 2019.
Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2018, when the turnover was 8.1?Determine the receivables turnover ratio and days to collect for 2019.(Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.)

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