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Exercise 7-16 Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end)

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Exercise 7-16 Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) 2017 2016 2015 $443,000 $374,800 $ 419,00 29,400 27,200 23,990 Compute its accounts receivable turnover for 2016 and 2017 Accounts Receivable Turnover Choose Denominator: Choose Numerator: 4 = 1 1 Accounts Receivable Turnover Accounts receivable turnover times 2016: 2017: 1 times

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