Business, 13.03.2020 03:03 Jcmandique4062
Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation / delivery company.
2014 2014
Accounts receivable (gross) $3,697 $4,835
Accounts receivable (net) 3,460 4,187
Allowance for doubtful accounts 237 648
Sales revenue 37,368 39,579
Total current assets 7,254 7,691
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?
Answers: 2
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Suppose the following information was taken from the 2014 financial statements of FedEx Corporation,...
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