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Business, 14.11.2019 03:31 janayshas84
Suppose the following information was taken from the 2022 financial statements of fedex corporation, a major global transportation/delivery company. (in millions) 2022 2021 accounts receivable (gross) $ 3,600 $ 4,670 accounts receivable (net) 3,150 4,350 allowance for doubtful accounts 450 320 sales revenue 36,100 38,600 total current assets 7,200 7,246 answer each of the following questions.
(a) calculate the accounts receivable turnover and the average collection period for 2022 for fedex. (round answers to 1 decimal place, e. g. 12.5. use 365 days for calculation.) accounts receivable turnover enter the accounts receivable turnover in times rounded to 1 decimal place times the average collection period for 2022 enter the average collection period for 2022 in days rounded to 1 decimal place days.
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Suppose the following information was taken from the 2022 financial statements of fedex corporation,...
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