Accounting practice Chapter 9 problem 10

The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 Year 2 $317,000 $248,000 41,700 39,500 Year 1 $291,000 36,200 (1) Compute its accounts receivable turnover for Year 2 and Year 3. Choose Numerator: 1 Accounts Receivable Turnover Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Year 2 Year 3: (2) Assuming its competitor has a turnover of 117, is Raheem performing better or worse at collecting receivables than its competitor? Better Worse