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Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover Average collection period times days

Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover Average collection period times days

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2025 2024 Accounts receivable (gross) $3,790 $4,630 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 440 280 Sales revenue 33.495 35,995 Total current assets 7,172 7.278 Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover Average collection period times days
Transcribed Image Text:Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2025 2024 Accounts receivable (gross) $3,790 $4,630 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 440 280 Sales revenue 33.495 35,995 Total current assets 7,172 7.278 Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2025 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover Average collection period times days
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