> -/3 E Question 8 of 9 View Policies Current Attempt in Progress The following is a list of activities that companies perform in relation to their receivables. Match each of the activities listed below with a purpose of the activity listed below, Selling receivables to a factor 2 Reviewing company ratings in The Dun and Bradstrert Reference Book of American Business 3. Collecting information on competitors payment period policies Preparing monthly accounts receivable aging schedule and investigating problem accounts 5 Calculating the accounts receivable turnover and average collection period 1 4 Question 9 of 9 -13 5 Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2022 $3,800 3,450 350 36,660 7,178 2021 $4.520 4350 170 39.160 7.284 Answer each of the following questions, (a) Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, eg. 12.5. Use 365 days for calculation.) times Accounts receivable turnover The average collection period for 2022 days