Question: A recent annual report for FedEx contained the following data: dollars in thousands Current Year $ 3,657,000 188,000 Previous Year Accounts receivable Less: Allowance for

 A recent annual report for FedEx contained the following data: dollars

A recent annual report for FedEx contained the following data: dollars in thousands Current Year $ 3,657,000 188,000 Previous Year Accounts receivable Less: Allowance for doubtful accounts Net accounts receivable S 4,667,000 158,000 3469,000 4,509,000 Net sales (assume all on credit) $ 35,997,000 Required: 1.Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Enter your answers in thousands not in dollars. Ratio values should be rounded to 2 decimal places.) Receivables Turnover Ratio Numerator times Denominator Average Days Sales in Receivables Numerator Denominator

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