aking6012 aking6012 02-12-2019 Business contestada Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2014 2013 Accounts receivable (gross) $3,493 $4,433 Accounts receivable (net) 3,314 4,227 Allowance for doubtful accounts 179 206 Sales revenue 36,938 39,088 Total current assets 7,702 6,801 Required: Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx