Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets (a) 2025 Answer each of the following questions. Accounts receivable turnover $3,800 Average collection period 3,380 420 30,920 7,110 2024 $4,500 4,350 150 33,420 Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 7,240 times days

Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times Average collection period days