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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 Year 2 Year 1 $399,000

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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 Year 2 Year 1 $399,000 $330,000 $374,000 32,100 29,900 26,600 (1) Compute its accounts receivable turnover for Year 2 and Year 3. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Year 2: times Year 3: (2) Assuming its competitor has a turnover of 19.3, is Raheem performing better or worse at collecting rece

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