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use these for the denominator and numerator The following information is from the annual financial statements of Raheem Company d . E O E Net
use these for the denominator and numerator
The following information is from the annual financial statements of Raheem Company d . E O E Net sales Accounts receivable, net (year-end) Year 3 Year 2 Year 1 $228,000 $159,000 $207,000 43,500 41,300 38,000 (1) Compute its accounts receivable turnover for Year 2 and Year 3. Accounts Receivable Turnover Choose Denominator: Choose Numerator: Accounts Receivable Turnover 1 1 11 Year 2: Il Accounts receivable turnover times times Year 3: / Il (2) Assuming its competitor has a turnover of 8.1. Is Raheem performing better or worse at collecting receivables than its competitor? O Better Worse Choose Numerator: 2 This ente Year 2: Year 3: Accounts receivable Cost of goods sold Current assets Current liabilities Net sales Account Recambie umover Choose Denominator Choose Numerator Account Recevable Turnover Accounts receivable tumover 1 1 O times O times Accounts receivable, net Average accounts receivable, net Cost of goods sold Current assets Current liabilities Net cales
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