Exercise 7-17 Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company Net sales Accounts receivable, net (year-end) Year Year 2 Year 1 $239,000 $170,000 $216,000 17,600 15,400 32,100 (1) Compute its accounts receivable turnover for Year 2 and Year 3. Choose Numerator Accounts Receivable Turnover Choose Denominator Year 2: Year 3: 1 1 1 1 Accounts Receivable Turnover Accounts receivable turnover times times (2) Assuming its competitor has a turnover of 9.8, is Raheem performing better or worse at collecting receivables than its competitor? Better Worse