Suppose the following information was taken from the 2022 financial statements ofFedEx 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 accounts410

380

Sales revenue34,265

36,765

Total current assets7,200

7,272

Answer each of the following questions.

(a)

Incorrect answer icon

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

enter the accounts receivable turnover in times rounded to 1 decimal place

times

The average collection period for 2022

enter the average collection period for 2022 in days rounded to 1 decimal place

days