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The following information is from the annual financial statements of Raheem Company. 2017 2016 2015 Net sales $ 438,000 $ 369,000 $ 421,000 Accounts receivable,
The following information is from the annual financial statements of Raheem Company.
| 2017 | 2016 | 2015 | ||||||||
| Net sales | $ | 438,000 | $ | 369,000 | $ | 421,000 | ||||
| Accounts receivable, net (year-end) | 43,100 | 40,900 | 37,600 | |||||||
Compute its accounts receivable turnover for 2016 and 2017.
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1st Edition
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