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Calculate the accounts receivable turnover

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Reference no: EM131867551

Problem - 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)$ 3,430 $ 4,646

Accounts receivable (net) $3,292 $4,237

Allowance for doubtful accounts$138 $ 409

Sales revenue $34,398 $38,718

Total current assets $7,615 $7,346

Answer each of the following questions - Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation.

Reference no: EM131867551

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