A business’s non-current asset turnover increased from 2020 to 2021, although net revenue remained unchanged in the two years. What led to the improvement in the ratio?
- Aa reduction in the level of irrecoverable debts being incurred
- Ban upwards revaluation of the premises at the year end
- Cdepreciation charged being higher than the cost of new non-current assets
- Dpurposes of new non-current assets being greater than disposals