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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) $ 3.770 $4,640 Accounts receivable (net) 3,400 4,400 Allowance for doubtful accounts 370 240 Sales revenue 35,600 38,100 Total current assets 7.184 7.250 Answer each of the following questions (a) Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx (Round answers to 1 decimal place, e3. 12.5. Use 365 days for calculation.) Answer each of the following questions. (a) 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
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