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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) Accounts receivable (net) Allowance for doubtful accounts $3,770 $4,640 3,400 4400 370 240 35,600 38,100 7.184 7.250 Sales revenue Total current assets 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, e.g. 12.5. Use 365 days for calculation.) nover times period for 2022 days eTextbook and Media Attempts: 0 of 15 used

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