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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 $405,140 44,800 Year 2 Year

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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 $405,140 44,800 Year 2 Year 1 $335,280 $388,000 41,400 34,800 (1) Compute its accounts receivable turnover for Year 2 and Year 3. Accounts Receivable Turnover Choose Denominator: Choose Numerator: 1 1 Accounts Receivable Turnover Accounts receivable tumover times 1 Year 2: Year 3: 1 times (2) Assuming its competitor has a turnover of 11, is Raheem performing better or worse at collecting receivables than its competitor? O Better Worse

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