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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

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) $3,760 $4,600 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 410 250 Sales revenue 32,725 35,225 Total current assets 7,132 7,282 Answer each of the following questions.

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