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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) Accounts receivable (gross)
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 2022 2021 $3,710 $4,520 3.450 4,350 260 170 35,880 38,380 7,160 7.284 Sales revenue Total current assets Answer each of the following questions. 12.5. Use 365 days for calculation Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, Accounts receivable turnover The average collection period for 2022 times days e Textbook and Media is accounts receivable a material component of the company's total current assets
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