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) $3,740 $4,610 Accounts receivable (net) 3,400 4,350 Allowance for doubtful accounts 340 260 Sales revenue 33,325 35,825 Total current assets 7,170 7,292 Answer each of the following questions. 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 times days
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) $3,740 $4,610 Accounts receivable (net) 3,400 4,350 Allowance for doubtful accounts 340 260 Sales revenue 33,325 35,825 Total current assets 7,170 7,292 Answer each of the following questions. 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 times days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vishnu
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)
$3,740
$4,610
Accounts receivable (net)
3,400
4,350
Allowance for doubtful accounts
340
260
Sales revenue
33,325
35,825
Total current assets
7,170
7,292
Answer each of the following questions.
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
times
days
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