Multiple Choice
If Pizza Pizza reports an asset turnover ratio of 2.34 for 2011 and their competitor Pizza Hut reports 3.79 for their 2011 ratio,it means which of the following?
A) Pizza Pizza is better able to pay their current obligations with their current assets.
B) Pizza Pizza has been more effective in managing the use and level of its assets.
C) Pizza Pizza has been less effective in managing the use and level of its assets.
D) Pizza Pizza is less able to pay off their current obligations with their current assets.
Correct Answer:
Verified
Correct Answer:
Verified
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