The companys total assets at year-end FY9 were GBP 3,500 million. Which of the following choices best
Question:
The company’s total assets at year-end FY9 were GBP 3,500 million. Which of the following choices best describes reasonable conclusions an analyst might make about the company’s efficiency?
A. Comparing FY14 with FY10, the company’s efficiency improved, as indicated by a total asset turnover ratio of 0.86 compared with 0.64.
B. Comparing FY14 with FY10, the company’s efficiency deteriorated, as indicated by its current ratio.
Comparing FY14 with FY10, the company’s efficiency deteriorated due to asset growth faster than turnover revenue growth.
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A Comparing FY14 with FY10 the companys efficiency ...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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