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?

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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 > 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 >