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The following information is from the annual financial statements of Raheem Company. Year 3 Year 2 Year 1 Net sales $ 497,000 $ 428,000 $

The following information is from the annual financial statements of Raheem Company. Year 3 Year 2 Year 1 Net sales $ 497,000 $ 428,000 $ 474,000 Accounts receivable, net (year-end) 42,000 39,800 36,500 (1) Compute its accounts receivable turnover for Year 2 and Year 3.(2) Assuming its competitor has a turnover of 18.2, is Raheem performing better or worse at collecting receivables than its competitor?

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