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The following information is from the annual financial statements of Raheem Company. 2017 2016 2015 Net sales $ 311,000 $ 242,000 $ 293,000 Accounts receivable,
The following information is from the annual financial statements of Raheem Company.
2017 | 2016 | 2015 | ||||||||
Net sales | $ | 311,000 | $ | 242,000 | $ | 293,000 | ||||
Accounts receivable, net (year-end) | 39,300 | 37,100 | 33,800 | |||||||
Compute its accounts receivable turnover for 2016 and 2017.
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