Solution-Compute its accounts receivable turnover for year

Compute its accounts receivable turnover for year

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Reference no: EM133068966

Question - Accounts receivable turnover - The following information is from the annual financial statements of Raheem Company.

	Year 3	Year 2	Year 1
Net sales	$382,000	$313,000	$356,000
Accounts receivable, net (year-end)	29,400	27,200	23,900

Required -

(1) Compute its accounts receivable turnover for Year 2 and Year 3.

(2) Assuming its competitor has a turnover of 20.2, is Raheem performing better or worse at collecting receivables than its competitor?

Reference no: EM133068966

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Compute its accounts receivable turnover for year

Reference no: EM133068966

Reference no: EM133068966

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