If Pizza Pizza Reports an Asset Turnover Ratio of 2

question 107

Multiple Choice

If Pizza Pizza reports an asset turnover ratio of 2.34 for 2013 and their competitor Pizza Hut reports 3.79 for their 2013 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.

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