Question 4 View Policies Current Attempt in Progress Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company, (in millions) 2017 2016 sort Accounts receivable (gross) $3,674 $4,552 Accounts receivable (net) 3.268 4,205 Allowance for doubtful accounts 406 347 Sales revenue 33,158 39,680 7,820 6,800 Total current assets Answer each of the following questions anner mission Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation (Round answers to 1 decimal place, eg. 12.5. Use 365 days for calculation) Accounts receivable turnover The average collection period for 2017 List of Accounts Attempt of sused List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debts Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Income Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense