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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 $ 296,000 28,700 Year 2

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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 $ 296,000 28,700 Year 2 $ 227,000 26,500 Year 1 $ 271,000 23,200 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 16.1, is Raheem performing better or worse at collecting receivables than its competitor? 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 Denominator: Choose Numerator: = / = Accounts Receivable Turnover Accounts receivable turnover times / = Year 2: Year 3: / times Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming its competitor has a turnover of 16.1, is Raheem performing better or worse at collecting receivables than its competitor? Is Raheem performing better or worse at collecting receivables than its competitor?

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