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Exercise 9 - 2 3 ( Algo ) Accounts receivable turnover LO A 1 The following information is from the annual financial statements of Raheem

Exercise 9-23(Algo) Accounts receivable turnover LO A1
The following information is from the annual financial statements of Raheem Company.
(1) Compute its accounts receivable turnover for Year 2 and Year 3.
(2) Assuming its competitor has a turnover of 12.4, is Raheem performing better or worse at collecting receivables than its competitor?
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Required 1
Compute its accounts receivable turnover for Year 2 and Year 3.
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