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Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a...

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Accounting

Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. image Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) image

(in millions) 2017 2016 Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets $ 3,426 4,342 3,400 4,238 104 34,375 7,062 26 37,658 6,532 Answer each of the following questions

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