Question: A recent annual report for FedEx contained the following data: (dollars in thousands) Previous Year Current Year $ 7,851,000 252,000 $ 7,599,000 $ 60,319,000 $

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

A recent annual report for FedEx contained the following data: (dollars in thousands) Previous Year Current Year $ 7,851,000 252,000 $ 7,599,000 $ 60,319,000 $ 7,430,000 178,000 Accounts receivable Less: Allowance for doubtful accounts $ 7,252,000 Net accounts receivable Net sales (assume all on credit) 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.) Receivables Turnover Ratio Numerator 0 times %3D Denominator Average Days Sales in Receivables Numerator 0 days %3D Denominator

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