Chapter 9, Problem 17E

Exercise 9-17 Accounts receivable turnover A1 Q

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 competitor⁰
Year 3 Year 2 Year 1

Net sales......................
Accounts receivable, net (year-end)
$405,140 $335,280 $338,000 44,800 41,400 34,800