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Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a...

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Accounting

Suppose the following information was taken from the 2025 financial statements of FedEx Corporation, a major global
transportation/delivery company.
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
times
Average collection period
days
eTextbook and Media
Attempts: 0 of 2 used
(b)
Is accounts receivable a material component of the company's total current assets?
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