Check my wc Exercise 7-23 (Algo) Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company Year 3 Year 2 Year 1 Net sales $403,000 $ 334.000 $314,000 Accounts receivable, net year-end) 47.400 46.100 (1) Compute its accounts receivable tumover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.5, is Raheem performing better or worse at collecting receivables than its competitor? Complete this question by entering your answers in the tabs below. Required 1 Required Compute its accounts receivable tumover for Year 2 and Year 3. Accounts Receivable Turnover Choose Numerator 1 Choose Denominator Net sales Average accounts receivable, net Year 2 $ 334,000 1 s 91,500 Year 3: s 403.000 1 $ 97,000 Accounts Recolvable Turnover Accounts receivable turnover 37 times 4.2 times Rere Required 2 >