Business
Business, 18.06.2020 00:57, Fahaddie

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) $ 3,740 $ 4,610
Accounts receivable (net) 3,400 4,350
Allowance for doubtful accounts 340 260
Sales revenue 33,325 35,825
Total current assets 7,170 7,292
Answer each of the following questions.
Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx.
A. Accounts receivable turnover times
B. The average collection period for 2022days

answer
Answers: 1

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Suppose the following information was taken from the 2022 financial statements of FedEx Corporation,...

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