Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. 2017 $ 3,674 (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts 2016 $ 4,552 4,205 347 3,268 406 33,158 7,820 Sales revenue 39,680 6,800 Total current assets 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, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2017 days e Textbook and Media List of Accounts Is accounts receivable a material component of the company's total current assets