The following information is from the annual financial statements of Raheem Company.

Year 3Year 2Year 1Net sales$ 213,000$ 144,000$ 192,000Accounts receivable, net (year-end)21,00018,80015,500

(1) Compute its accounts receivable turnover for Year 2 and Year 3.

(2) Assuming its competitor has a turnover of 16.1, is Raheem performing better or worse at collecting receivables than its competitor?

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Assuming its competitor has a turnover of 16.1, is Raheem performing better or worse at collecting receivables than its competitor?

Is Raheem performing better or worse at collecting receivables than its competitor?