The initial analysis should include the following:

• The ratio equation
• The calculation of the ratio using the equation
• Use the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income.
• Then explain whether this is a good result or a result that needs improving.
• The original post should include at least seven (7) sentences.

Exercise 9-17 Accounts receivable turnover AO The following information is from the annual financial statements of Raheem Company. (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 11, is Raheem performing better or worse at collecting receivables than its competitor? Year 3 Year 2 Year 1 Net sales $405,140 $335,280 $388,000 44,800 41,400 34,800 Accounts receivable, net (year-end)