Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions)  2014  2013Accounts receivable...

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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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