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Calculate the accounts receivable turnover

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Reference no: EM132826687

Question - Suppose the following information was taken from the 2022 financial statements of FedEx Corporation (in millions), a major global transportation/delivery company.

 

2022

2021

Accounts receivable (gross)

$3,800

$4,500

Accounts receivable (net)

3,380

4,350

Allowance for doubtful accounts

420

150

Sales revenue

30,920

33,420

Total current assets

7,110

7,240

Required - Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx.

Reference no: EM132826687

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