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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
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) $ 3,710 $ 4,520 Accounts receivable (net) 3,450 4,350 Allowance for doubtful accounts 260 170 Sales revenue 35,880 38.380 Total current assets 7,160 7,284 Answer each of the following questions. (a) Your answer is incorrect. 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 times The average collection period for 2022 days
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