What the company needs to do in terms of managing their sale

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Unicorn Pty. Ltd.'s most recent summary of key financial information as presented below:

2019 Financial Ratios

Accounts Receivable Turnover      9.1 times

Inventory Turnover                    7 times

Gross Profit Margin                     50%

Return on Assets                    12.4 cents

Return on Equity                     13 cents

Sales as a % of 2018 base year        100%

Problem 1: 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.

Reference no: EM132779917

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