CALCULATOR BACK FULL SCREEN PRINTER VERSION Exercise 8-16 a-b Suppose the following Information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company (in millions) 2022_ 2021 Accounts receivable (gross) $ 3,750 $4,650 Accounts receivable (net) 3,350 4,350 Allowance for doubtful accounts 400 Sales revenue 38,115 40,615 Total current assets 7,196 7,262 300 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days calculation. ) times Accounts receivable turnover The average collection period for 2022 days Is accounts receivable a material component of the company's total current assets? Click if you would like to show Work for this question: Open Show Work