Question

FedEx Corporation reported the following rounded amounts (in millions):
Required:
1. Determine the receivables turnover ratio and days to collect for 2013. Round your answers to one decimal place.
2. Do the measures calculated in requirement 1 represent an improvement (or decline) in receivables turnover, compared to 2012 when the turnover was 7.6?


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  • CreatedNovember 02, 2015
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