The following information is from the annual financial statements of Waseem Company. Compute its accounts receivable turnover for 2010 and 2011. Compare the two years results and give a possible explanation for any change (competitors average a turnover of 11).
| 201 1 | 2010 | 2009 |
Net sales Accounts receivable, net (year-end) | . . . $305,000 22,900 | $236,000 20,700 | $288,000 17,400 |
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