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Calculate the accounts receivable turnover

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Reference no: EM132451399

Problem - 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

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

Reference no: EM132451399

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