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The following information is from the annual financial statements of Raheem Company. Net sales Year 3 $ 314,000 28,800 Year 2 $.245,000 Accounts receivable, net

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The following information is from the annual financial statements of Raheem Company. Net sales Year 3 $ 314,000 28,800 Year 2 $.245,000 Accounts receivable, net (year-end) Year 1 $ 286,000 23,300 (1) Compute its accounts receivable turnover for Year 2 and Year 3 (2) Assuming its competitor has a turnover of 17.0, is Raheem performing better or worse at collecting receivables than its competitor? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming its competitor has a turnover of 17, is Raheem performing better or worse at collecting receivables than its competitor? ta Raheem performing better or worse at collecting receivables than its competitor?

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