Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect A recent annual report for FedEx Corporation contained the following data (in millions): 11eb7f6e_01b3_25cb_9b93_21b4991d7396_SM1709_00 Required: 1. Determine the receivables turnover ratio and days to collect for 2010. Round your answer to one decimal place. 2. Explain the meaning of each number.

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

تمرين 77

Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect
A recent annual report for FedEx Corporation contained the following data (in millions):

Required:
1. Determine the receivables turnover ratio and days to collect for 2010. Round your answer to one decimal place.
2. Explain the meaning of each number.

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موثّق

1.
Receivables turnover ratio
Receivabl...