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Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company. Answer each of the following questions.
Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company. Answer each of the following questions. 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 Is accounts receivable a material component of the company's total current assets
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