Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company.

(in millions)		2022		2021
Accounts receivable (gross)		$ 3,610		$ 4,580
Accounts receivable (net)		3,200		4,300
Allowance for doubtful accounts		410		280
Sales revenue		37,125		39,625
Total current assets		7,178		7,252

Answer each of the following questions.

Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2022 days Is accounts receivable a material component of the company's total current assets