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Suppose the following information was taken from the 2017 financial statements of FedEx Corporation , a major global transportation/delivery company. Calculate the accounts receivable turnover

Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. image text in transcribed 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.) image text in transcribed

(in millions) 2017 2016 Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets $ 3,426 4,342 3,400 4,238 104 34,375 7,062 26 37,658 6,532 Answer each of the following questions

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