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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 receivable

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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 receivable (gross) $ 3.720 $4,540 Accounts receivable (net) 3,400 4,350 Allowance for doubtful accounts 320 190 Sales revenue 37.975 40,475 Total current assets 7.188 7.286 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.es. 12.5. Use 365 days for calculation) times Accounts receivable turnover The average collection period for 2022 days e Textbook and Media Is accounts receivable a material component of the company's total current assets? e Textbook and Media

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