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)		$ 3,839		$ 4,712
Accounts receivable (net)		3,133		4,536
Allowance for doubtful accounts		706		176
Sales revenue		38,387		38,915
Total current assets		6,692		6,915

Answer each of the following questions.

(a)

Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Accounts receivable turnover		enter the accounts receivable turnover in times rounded to 1 decimal place	times
The average collection period for 2017		enter the average collection period for 2017 in days rounded to 1 decimal place	days