Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2022 $3,810 3,400 410 34,265 Answer each of the following questions. 7,200 2021 $4,680 4,300 380 36,765 7,272

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) $3,810 $4,680 Accounts receivable (net) 3,400 4,300 Allowance for doubtful accounts 410 380 Sales revenue 34,265 36,765 Total current assets 7,200 7.272 Answer each of the following questions.