subject
Business, 18.06.2020 00:57 Fahaddie

Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2022 2021
Accounts receivable (gross) $ 3,740 $ 4,610
Accounts receivable (net) 3,400 4,350
Allowance for doubtful accounts 340 260
Sales revenue 33,325 35,825
Total current assets 7,170 7,292
Answer each of the following questions.
Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx.
A. Accounts receivable turnover times
B. The average collection period for 2022days

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:20
When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.
Answers: 2
question
Business, 22.06.2019 23:00
How an absolute advantage might affect a country's imports and exports?
Answers: 2
question
Business, 23.06.2019 01:20
Erp has all the following advantages except: modules throughout a corporation can communicate with each other while purchasing is difficult, the vendors such as sap make it worthwhile due to easy implementation have predefined software that represents "pretty good practices" or even "best practices" enables standardized procedures in an organization reduces inconsistent data stored in various locations of the organization
Answers: 3
question
Business, 23.06.2019 13:30
Which tasks do travel agents and hotel concierges have in common? they both recommend where to eat and handle personal services for tourists. they both process payments and book travel packages for tourists. they both make reservations and provide information for tourists. they both recommend unusual spots to visit and book tour guides for tourists
Answers: 2
You know the right answer?
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation,...
Questions
question
Chemistry, 20.05.2020 06:57
question
Mathematics, 20.05.2020 06:57
question
Mathematics, 20.05.2020 06:58
question
Mathematics, 20.05.2020 06:58
Questions on the website: 13722362