Exercise 7-22 (Algo) 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 3 Year 2 Year 1 $282,000 $213,000 $255,000 32,600 30,400 27,100 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 13.4, is Raheem performing better or worse at collecting receivables than its competitor? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its accounts receivable turnover for Year 2 and Year 3. Accounts Receivable Turnover Choose Denominator: Choose Numerator: 1 = Accounts Receivable Turnover Accounts receivable turnover times / Year 2: Year 3: 1 times Required 1 Required 2 Assuming its competitor has a turnover of 11, is Raheem performing better or worse at collecting receivables than its competitor? Is Raheem performing better or worse at collecting receivables than its competitor?