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The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net tyear-end) Year 3 $ 228,000 24,000 Year 2

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The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net tyear-end) Year 3 $ 228,000 24,000 Year 2 $ 159,000 21,800 Year 1 $ 199,000 18,500 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 14.9, is Raheem performing better or worse at collecting recelvables than its competitor? Complete this question by entering your answers in the tabs below. Tomas M Lee Note General Company Note H Cheng Note Journal Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate(%) Time Total Interest LENO Tomas Company Note > the tabs below. nt M Lee Note Tomas Company Note H Cheng Note General Journal int First, complete the table below to calculate the interest amounts. Total Through Maturity ences Principal Rate (%) Time Total interest Complete this question by entering your answers in the tabs below. Hint M Lee Note Tomas Company Note H Cheng Note General Journal Print First, complete the table below to calculate the interest amounts. Total Through Maturity ferences Principal Rate (%) Time Total interest Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits. Date General Journal Debit Credit January 27 Record entry Clear entry View general journal the tabs below. nt M Lee Note Tomas Company Note H Cheng Note General Journal int First, complete the table below to calculate the interest amounts. Total Through Maturity ences Principal Rate (%) Time Total interest Complete this question by entering your answers in the tabs below. Hint M Lee Note Tomas Company Note H Cheng Note General Journal Print First, complete the table below to calculate the interest amounts. Total Through Maturity ferences Principal Rate (%) Time Total interest Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits. Date General Journal Debit Credit January 27 Record entry Clear entry View general journal

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