The non-current asset turnover of a business improved between 2020 and 2021, even though the net revenue was the same for both years.
What caused the improvement in the ratio?
1 )
a reduction in the level of irrecoverable debts being incurred
2 )
an upwards revaluation of the premises at the year end
depreciation charged being higher than the cost of new non-current assets
4 )
purchases of new non-current assets being greater than disposals
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