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) $ 3,587 $ 4,507 Accounts receivable (net) 3,460 4,409 Allowance for doubtful accounts 127 98 Sales revenue 35,729 37,987 Total current assets 7,774 7,481
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