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Calculate the accounts receivable turnover

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Question - 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)

$3,860

$4,680

Accounts receivable (net)

$3,400

$4,350

Allowance for doubtful account

$460

$330

Sales revenue

$34,540

$37,040

Total Current Assests

$7,144

$7,266

Answer each of the following questions - Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx.

Reference no: EM132566855

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