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es The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $ 277,000 35,400
es The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $ 277,000 35,400 Year 2 $ 208,000 33,200 Year 1 $ 251,000 29,900 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.1, 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 2 Compute its accounts receivable turnover for Year 2 and Year 3. Year 2: Year 3: Choose Numerator: / 1 / Accounts Receivable Turnover Choose Denominator: = Accounts Receivable Turnover = Accounts receivable turnover = times = times < Required 1 Required 2 >
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