Business, 10.11.2019 02:31, Dianar4308

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) $ 3,587 $ 4,517 accounts receivable (net) 3,391 4,359 allowance for doubtful accounts 196 158 sales revenue 35,497 37,953 total current assets 7,116 7,244
1. calculate the accounts receivable turnover and the average collection period for 2014 for fedex.
2. is accounts receivable a material component of the company?

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Suppose the following information was taken from the 2022 financial statements of fedex corporation,...