NO.PZ2023081403000141
问题如下：
Q. The company’s total assets at year-end FY9 were GBP3,500 million. Which of the following choices best describes reasonable conclusions an analyst might make about the company’s efficiency?
The following data appear in the five-year summary of a major international company. A business combination with another major manufacturer took place in FY13.
Exhibit 1:
Five-Year Summary of a Major International Company
选项：
A.Comparing FY14 with FY10, the company’s efficiency deteriorated, as indicated by its current ratio.
B.Comparing FY14 with FY10, the company’s efficiency deteriorated due to asset growth faster than turnover revenue growth.
C.Comparing FY14 with FY10, the company’s efficiency improved, as indicated by a total asset turnover ratio of 0.86 compared with 0.64.
解释：
B is correct. The company’s efficiency deteriorated, as indicated by the decline in its total asset turnover ratio from 1.11 {= 4,390/[(4,384 + 3,500)/2]} for FY10 to 0.87 {= 11,366/[(12,250 + 13,799)/2]} for FY14. The decline in the total asset turnover ratio resulted from an increase in average total assets from GBP3,942 [= (4,384 + 3,500)/2] for FY10 to GBP13,024.5 for FY14, an increase of 230 percent, compared with an increase in revenue from GBP4,390 in FY10 to GBP11,366 in FY14, an increase of only 159 percent. The current ratio is not an indicator of efficiency.
计算FY 10 average asset 时 3500 这个数字从哪里来的?
