Exercise 7-16 Accounts receivable turnover LO A1

The following information is from the annual financial statements of Raheem Company.

Compute its accounts receivable turnover for 2016 and 2017.

2017 2016 2015 Net sales Accounts receivable, net (year-end) $254,000 $185,000 $ 238,000 8 5 5 39,300 37,100 33,800 Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover 2016: times 2017: times