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Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2025 2024 Accounts

Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2025 2024 Accounts receivable (gross) $3,740 $4,670 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 390 320 Sales revenue 35,420 37,990 Total current assets 7,174 7,268 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 Average collection period eTextbook and Media times days

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