The Vice President for Finance of a company is concerned about the company's accounts receivable turnover ratio. The company currently offers customers terms of 3/10, net 30. Which of the following strategies would most likely improve the company's accounts receivable turnover ratio?
a. Pledging the accounts receivable to a finance company.
b. Changing customer terms to 1/10, net 30.
c. Entering into a factoring agreement with a finance company.
d. Changing customer terms to 3/20, net 30