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Unicorn Pty. Ltd's most recent summary of key financial information as presented below: Financial Ratios Accounts Receivable Turnover Inventory Turnover Gross Profit Margin Return
Unicorn Pty. Ltd's most recent summary of key financial information as presented below: Financial Ratios Accounts Receivable Turnover Inventory Turnover Gross Profit Margin Return on Assets Return on Equity Sales as a % of 2018 base year 2019 9.1 times 7 times 50% 12.4 cents 13 cents 100% To increase asset efficiency, the company would like to increase their Accounts Receivable Turnover from 9.1 times to 15 times in 2020 FY. Please suggest three (3) alternatives of what the company needs to do in terms of managing their sales, accounts receivable, and credit terms. (6 Marks) Required: Please suggest three (3) alternatives of what the company needs to do to increase their Accounts Receivable Turnover in 2020 FY. Remember your suggestions must be practical to get full marks. (6 marks)
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