Suppose the following information was taken from the $2025$ financial statements of FedEx Corporation, a major global

transportation$/$delivery company.

Answer each of the following questions.

$($a$)$

Calculate the accounts receivable turnover and the average collection period for $2025$ for FedEx. $($Round answers to $1$ decimal

place, e$.$g$.12\mathrm{.}5.$ Use $365$ days for calculation.$)$

Accounts receivable turnover

times

Average collection period

days

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$($b$)$

Is accounts receivable a material component of the company's total current assets?