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Calculate the accounts receivable turnover and the average

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Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company.

(in millions)                                       2017                       2016

Accounts receivable (gross)             $ 3,408              $ 4,611

Accounts receivable (net)                 $3,144               $4,284

Allowance for doubtful accounts           $264                  $327

Sales revenue                                      32,081            35,794

Total current assets                                6,739               6,864

Problem 1: Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation.

Reference no: EM132752875

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