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Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2017 2016 Accounts receivable

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Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2017 2016 Accounts receivable (gross) $3,697 $4,835 Accounts receivable (net) 3,460 4,187 Allowance for doubtful accounts 237 648 Sales revenue 37,368 39,579 Total current assets 7,254 7.691 Answer each of the following questions Calculate the accounts receivable turnover and the average collection period for 2017 for Fedex Corporation (Round answers to 1 decimal place, es. 12.5. Use 365 days for calculation) Accounts receivabletumover The average collection period for 2017 time days

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