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

Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company.

(in millions)

2014

2013

Accounts receivable (gross)

$ 3,572

$ 4,482

Accounts receivable (net)

3,460

4,401

Allowance for doubtful accounts

112

81

Sales revenue

34,930

37,048

Total current assets

7,812

7,500

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.)

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