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Problem #4: Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. Required: Answer each of

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Problem #4: Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. Required: Answer each of the following questions (please show your work). a. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. Accounts receivable Turnover: Average collection period: b. is accounts receivable a material component of the company's total current assets? Answer: c. Evaluate the balance in FedEx's allowance for doubtful accounts. Evaluation: Problem #4: Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. Required: Answer each of the following questions (please show your work). a. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. Accounts receivable Turnover: Average collection period: b. is accounts receivable a material component of the company's total current assets? Answer: c. Evaluate the balance in FedEx's allowance for doubtful accounts. Evaluation

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