Answer Happy

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) $ 3,720 $4,640 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 370 290 Sales revenue 36,575 39,075 7,190 7,252 Total current assets Answer each of the following questions. (a) Round answers to I decimal
12 (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 eTextbook and Media Save for Later Attempts: 0 of 15 used Submit Amer (b) is accounts receivable a material component of the company's total current assets? eTextbook and Media Attempts:0 of 15 used A Savater