A recent annual report for FedEx contained the following data: Numerator Denominator dollars in thousands) Previous Year $ 88,412,000 -404,000 $ 88,008,000 Numerator Denominator Current Year Accounts receivable Less: Allowances 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. Note: Use 365 days a year. Enter your answers in thousands not in dollars. $ 9,396,000 297,000 $ 9,099,000 $ 69,673,000 Receivables Turnover Ratio Average Days Sales in Receivables times days

A recent annual report for FedEx contained the following data: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. Note: Use 365 days a year. Enter your answers in thousands not in dollars