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The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $ 369,000 46,300 Year 2 $ 300,000 44,100 Year 1 $360,000 40,800 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.2, 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 Compute its accounts receivable turnover for Year 2 and Year 3. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover 2 Accounts receivable turnover Year 2: times Year 3: times Required 2 > The following information is from the annual financial statements of Raheem Company Net sales Accounts receivable, net (year-end) Year 3 $369,000 46,300 Year 2 $ 300,000 44,100 Year 1 $ 360,000 40,800 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.2, 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 12.2, is Raheem performing better or worse at collecting receivables than its competitor? Is Raheem performing better or worse at collecting receivables than its competitor?

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