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Question 2 Suppose the following information was taken from the 2014 financial statements ofFedEx Corporation, a major global transportation/delivery company. (in millions) 2014 2013 Accounts

Question 2 Suppose the following information was taken from the 2014 financial statements ofFedEx Corporation, a major global transportation/delivery company.
(in millions) 2014 2013
Accounts receivable (gross) $ 3,675 $4,625
Accounts receivable (net) 3,381 4,343
Allowance for doubtful accounts 294 282
Sales revenue 35,761 38,305
Total current assets 7,323 7,498
Answer each of the following questions.

Your answer is incorrect. Try again.

Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx.(Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Accounts receivable turnover times
The average collection period for 2014 days

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