Suppose the following information was taken from the 2014 financial

Suppose the following information was taken from the 2014 of FedEx Corporation, a major global transportation/delivery company.

Instructions
Answer each of the following questions.
(a) Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx.
(b) Is accounts receivable a material component of the company€™s total current assets?
(c) Evaluate the balance in FedEx€™s allowance for doubtfulaccounts.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...