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 2025 $3,620 3,400 220 36,270 7,210 2024 $4,540 4,400 140 38,770 7,308

(a) Calculate the accounts receivable turnover and the average collection period for 2025 for Fed Ex. (Round answers to 1 decimal place, e.s. 12.5. Use 365 days for calculation.) Accounts receivable turnover times Average collection period days (b) Is accounts receivable a material component of the company's total current assets? Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company