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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 $450,000 45,400 Year 2
The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $450,000 45,400 Year 2 $381,000 43,200 Year 1 $430,000 39,900 (1) Compute its accounts receivable turnover for Year 2 and Year 3 (2) Assuming its competitor has a turnover of 15.2, is Raheem performing better or worse at collecting receivables than its competitor? Complete this question by entering your answers in the tabs below. nt Required 1 Required 2 int rences Compute its accounts receivable turnover for Year 2 and Year 3. Year 2: Year 3: Accounts Receivable Turnover Choose Numerator 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable tumover times 7 Simes C Required T Required 2 >
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