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Calculate the accounts receivable turnover

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Reference no: EM132755509

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)

$3,408

$4,611

Accounts receivable (net)

$3,144

$4,284

Allowance for doubtful accounts

$264

$327

Sales revenue

32,081

35,794

Total current assets

6,739

6,864

Required - Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation.

Reference no: EM132755509

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