The company’s total assets at year-end FY9 were GBP 3,500 million. Which of the following choicesbestdescribes 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.
C. Comparing FY14 with FY10, the company’s efficiency deteriorated due to asset growth faster than turnover revenue growth.