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Calculate the accounts receivable turnover

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Reference no: EM133016330

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)

$3,810

$4,680

Accounts receivable (net)

3,400

4,300

Allowance for doubtful accounts

410

380

Sales revenue

34,265

36,765

Total current assets

7,200

7,272

Answer each of the following questions.

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

Reference no: EM133016330

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