Exercise 7-16 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 $405,140 $335, 280 $388,000 Accounts receivable, net 44,800 41,400 34,800 (year-end) Compute its accounts receivable turnover for Year 2 and Year 3. Answer is complete but not entirely correct. Choose Numerator Net sale Choose Denominator: Average accounts receivable net Accounts Receivable Turnover Accounts receivable turnover 5.1 times 65,500 335 280 405, 140 65,500 62 times