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Calculate the accounts receivable turnover

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Reference no: EM131786480

Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company.

(in millions) 2014 2013
Accounts receivable (gross) $ 3,636 mce_markernbsp;4,556
Accounts receivable (net) 3,485 4,406
Allowance for doubtful accounts 151 150
Sales revenue 36,179 38,934
Total current assets 7,556 7,026

Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Reference no: EM131786480

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