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Show your work to receive partial credit. Refer to FedEx's financial statement excerpts to answer the question: Calculate the accounts receivables turnover and Days Sales

Show your work to receive partial credit.

Refer to FedEx's financial statement excerpts to answer the question:

Calculate the accounts receivables turnover and Days Sales Outstanding (Average Collection Period) for FedEx for the fiscal year ended May 30, 2017. Discuss what this ratio tells us about FedEx.

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FEDEX CORPORATION CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS, EXCEPT PER SHARE AMOUNTS) FEDEX CORPORATION CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

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