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Calculate the accounts receivable turnover

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Reference no: EM132108489

Question - 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)

$ 3,675

$ 4,625

Accounts receivable (net)

3,381

4,343

Allowance for doubtful accounts

294

282

Sales revenue

35,761

38,305

Total current assets

7,323

7,498

Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx.

Reference no: EM132108489

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