Current Attempt in Progress 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). $3,710 $4,520 Accounts receivable (net) 3,450 4,350 Allowance for doubtful accounts 260 170 Sales revenue 35,880 38,380 Total current assets 7,160 7,284 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 eTextbook and Media Save for Later times days Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Current Attempt in Progress 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). $3,710 $4,520 Accounts receivable (net) 3,450 4,350 Allowance for doubtful accounts 260 170 Sales revenue 35,880 38,380 Total current assets 7,160 7,284 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 eTextbook and Media Save for Later times days Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
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).
$3,710
$4,520
Accounts receivable (net)
3,450
4,350
Allowance for doubtful accounts
260
170
Sales revenue
35,880
38,380
Total current assets
7,160
7,284
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
eTextbook and Media
Save for Later
times
days
Attempts: 0 of 3 used Submit Answer
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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