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The following information is from the annual financial statements of Raheem Company. Compute its accounts receivable turnover for 2014 and 2015. Compare the two years'

The following information is from the annual financial statements of Raheem Company. Compute its accounts receivable turnover for 2014 and 2015. Compare the two years' results and give a possible explanation for any change (competitors average a turnover of 11).

2015 2014 2013
Net sales $405,140 $335,280 $388,000
Accounts receivable, net (year-end) 44,800 41,400 34,800

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