User Account

All Pages

Calculate the account receivable turnover for 2017 for fedex

Assignment Help Financial Management
Reference no: EM132329720

Question

Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company.

(in millions)

2017

2016

Accounts receivable (gross)

$ 3,368

$ 4,683

Accounts receivable (net)

3,242

4,392

Allowance for doubtful accounts

126

291

Sales revenue

36,395

39,677

Total current assets

     6,407

   7,070

Answer each of the following questions.

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.)

Accounts receivable turnover

The average collection period for 2017

Reference no: EM132329720

Questions Cloud

What is the journal entry to record the retirement : The corporation called these bonds at 96% of the par value. what is the journal entry to record the retirement?
Prepare the journal entry to record the issuance of the bond : On December 31, 2015, when the market rate was 8%, Olde West Corp issued $2,000,000, 10%, 5-year bonds. Interest is payable semiannually.
Calculate the earnings per share for 2018 : Based on the following data for the current year, what is the number of days' sales in accounts receivable? Calculate the earnings per share for 2018.
Would you want to buy stocks or bonds : As an investor who wishes to make as much profit as possible in the long term, would you want to buy stocks or bonds? Explain your answer.
Calculate the account receivable turnover for 2017 for fedex : Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation.
Construct the one-period binominal tree : Consider a non-dividend paying stock with current price $100 and return volatility s = 18.23 [% p.a.]. Construct the one-period (T=1) binominal tree
Challenges for the economy of country : M- business and commerce and their impact on B2C and B2B interactions. What advantages and challenges for the economy of your country these developments
Analyzes evolving relationship between business and society : Write a research paper that analyzes the evolving relationship between business and society. Topics from Course Learning Objectives
Software development and project management : How the use of cloud computing willimpact the processes of systems analysis and design, software development and project management?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the company new required rate of return

The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return?

  What is expected return on equally weighted portfolio

What is the expected return on an equally weighted portfolio of these three stocks?

  What is her dollar profit based on the bond current price

What is the current price of the bond? What is her dollar profit based on the bond’s current price?

  Calculate after tax cash flow and npv project life

The minimum After Tax Cash Flow ROR is 12% and the effective income tax rate is 35%. Calculate After Tax Cash Flow and NPV project life

  Longer necessary in modern technological advanced economy

“Saving is no longer necessary in a modern technological advanced economy,

  Discuss how stress and job performance are related

Discuss how stress and job performance are related. Is stress helping or interfering with your performance in college? Discuss.

  What will the stock price be in three years

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 12 percent on the company's stock. What ..

  Domestic based cash management

International cash management is more complex than domestic based cash management because of.

  Determine the required rate of return

Try to determine the required rate of return on Tilden Woods Corporation’s common stock. The firm’s beta is 1.22. The rate on a 10-year Treasury bond is 3.41 percent, and the market risk premium is 8.28 percent. Round the answers to two decimal place..

  The resulting percentage change in earnings per share

What will be the resulting percentage change in earnings per share if they expect operating profit to change 1.0 percent?

  Bond to be higher or lower than its coupon rate

A $1,000 par value bond is for sale. Its coupon rate is 3.50% and it will be outstanding for 4 years. Without doing any math, do you think the price (value) of this bond is going to be higher or lower than $1,000 ? What is the current yield on this b..

  The other is heavy truck used to haul equipment

Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other general business purposes. The other is a heavy truck used to haul equipment. How many miles would you have to drive the car bef..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd