Digi? 19:33 25% Question 2 Based on the article below, tt has always been companies' aim to have a favourable receivables turnover ratio. Discuss different strategies that Midas Holdings can implement in order to reduce its receivable turnover in days. (10 marks) HOT STOCK: MIDAS UP ON S$7.7 MILLION MARRIED DEAL Wed, JAN 24, 2018 11:11 AM SHARES of Midas Holdings a maker of aluminium parts used in trains surged orn Wednesday, following a S$7.7 million married deal of some 44 million shares at SS0.175 a piece, two traders told BT. The buyers and sellers remain unknown, the sources said. The stock rose 1.1 Singapore cents to S$0.171 in early morning trading, or up nearly 7 per cent. More than 200 million shares changed hands as at 11.24am. It was the most actively traded counter on the Singapore Exchange (SGX) on Wednesday morning. The trading volume on Midas on Wednesday is about fivee times its average three-month volume. This follows news earlier this month that Midas' associate company had clinched 2.68 billion yuan (S$552 million) of new contracts. CRRC Nanjing Puzhen Rail Transport Co, in which Midas holds a 32.5 per cent stake, secured the contracts to supply metro train cars in China. The first contract is worth 1.15 billion yuan, and was awarded by MTR Technology Consultation (Shenzhen) Co for the third phase of the Shenzhen Line 4 project. Delivery is set between February 2019 and September 2020 The second contract, for the first phase of the Hangzhou Metro Line 6 project, is worth 1.09 billion yuan. The third contract, worth 440 million yuan, is for the Hangzhou-Fuyang Inter- city Metro Project. The second and third