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Calculate the accounts receivable turnover and the average

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)	$ 3,636	mce_markernbsp;4,556
Accounts receivable (net)	3,485	4,406
Allowance for doubtful accounts	151	150
Sales revenue	36,179	38,934
Total current assets	7,556	7,026

Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

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Accounting Basics: Calculate the accounts receivable turnover and the average

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