The following information is from the annual financial statements of Raheem Company. Year 3 Net sales $442,000 Year 2 $373,000 Year 1 $415,000 Cost of goods sold. 176,800 149,200 166,000 Net income 88,400 74,600 83,000 Accounts receivable, net (year-end) ed Retained earnings (year-end) 30,000 795,600 27,800 24,500 671,400 747,000 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 22.9, is Raheem performing better or worse at collecting receivable 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. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Net sales Accounts receivable, net x = Accounts receivable turnover Year 2: $ 373.000 S 51,200 = 7.3 times Year 3: $ 442.000 T S 118.400 3.7 times Required 2 >