Exercise 7-16 Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company 2017 2016 2015 $ 474,000 $405,000 $451,000 Net sales Accounts receivable, net (year-end) 26,300 24,100 20,800 Compute its accounts receivable turnover for 2016 and 2017 Accounts Receivable Turnover 1 Choose Denominator: = Numerator: Accounts Receivable Turnover Accounts receivable turnover Itimes times 2016: 2017