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

	Year 3	Year 2	Year 1
Net sales	$ 383,000	$ 314,000	$ 358,000
Accounts receivable, net (year-end)	34,100	31,900	28,600

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

(2) Assuming its competitor has a turnover of 17.4, is Raheem performing better or worse at collecting receivables than its competitor?

The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $ 383,000 34,100 Year 2 $ 314,000 31,900 Year 1 $ 358,000 28,600 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 17.4, 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. Year 2: Year 3: Accounts Receivable Turnover Choose Numerator: I Choose Denominator: I I Accounts Receivable Turnover = Accounts receivable turnover = times = times < Required 1 Required 2 >