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Kimmel, Accounting, 6e Help I System Announcements nment CALCULATOR PRINTER VERSION BACK Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the

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Kimmel, Accounting, 6e Help I System Announcements nment CALCULATOR PRINTER VERSION BACK Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the 2017 financial statements of global transportation/delivery company. FedEx Corporation, a major 2017 2016 (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets $3,544 4,538 3,303 3,949 589 33,102 41,435 241 6,750 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 days for calculation) Accounts receivable turnover The average collection period for 2017 Click if you would like to Show Work for this question: times days Open Show Work

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