Business, 08.04.2020 00:02 croxy0514

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) $ 3,810 $ 4,680 Accounts receivable (net) 3,400 4,300 Allowance for doubtful accounts 410 380 Sales revenue 34,265 36,765 Total current assets 7,200 7,272. 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 enter the accounts receivable turnover in times rounded to 1 decimal place times The average collection period for 2022 enter the average collection period for 2022 in days rounded to 1 decimal place

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Suppose the following information was taken from the 2022 financial statements of FedEx Corporation,...

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