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The following information is from the annual financial statements of Raheem Company Year 3 Year 2 Year 1 Net sales $ 406,000 $ 337,000 $

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The following information is from the annual financial statements of Raheem Company Year 3 Year 2 Year 1 Net sales $ 406,000 $ 337,000 $ 388,000 Accounts receivable, net (year-end) 35,200 33,000 29,700 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 17.9. is Raheem performing better or worse at collecting receivables 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 Required Required 2 > The following information is from the annual financial statements of Raheem Company Year 3 Year 2 Year 1 Net sales $ 406,000 $ 337,000 $ 388,000 Accounts receivable, net (year-end) 35,200 33,000 29,700 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 17.9. is Raheem performing better or worse at collecting receivables Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming its competitor has a turnover of 17.9, is Raheem performing better or worse at collecting receivables than it competitor? Is Raheem performing better or worse at collecting receivables than its competitor?

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