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

Year 3 Year 2 Year 1

Net sales $ 210,000 $ 141,000 $ 190,000

Accounts receivable, net (year-end) 28,700 26,500 23,200

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

(2) Assuming its competitor has a turnover of 11.4, is Raheem performing better or worse at collecting receivables than its competitor?

The following information is from the anmual financial statements of Paheem Company. (1) Compute its accounts recetivable tomover for Yeor 2 and Year 3 (2) Assuming its competitor has a fitnover of 11.4, is Raheem performing better of worse at collecting recelvaties than its competiton? Complete this question by entering your answers in the tabs below, Compute its accounts receivable tumaver for Year 2 and Year 3