The financial manager of a furniture company has determined that improving turnover of accounts receivable will be the goal for the next financial year - HSC - SSCE Business Studies - Question 5 - 2006 - Paper 1

The financial manager's goal of improving the turnover of accounts receivable relates directly to the efficiency of the company's operations. This objective indicates how well the company is managing its accounts receivable—which affects cash flow and overall efficiency. When a company improves its turnover of accounts receivable, it enhances its efficiency in converting credit sales into cash. Consequently, the correct answer is (A) Efficiency.