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Topic: Business
Number of pages / Number of words: 3 / 719
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It was ?185 m in 1999 and increased to ?362 m in 2003 which represents 95 % increase.

EFFICIENCEY MEASURE

Net Asset Turnover:

Marks and Spencer: Net assets turnover indicates the efficiency with which company is able to use its assets to generate per ? sales. The higher the ratio, greater the efficiency is assumed...


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The higher the ratio, greater the efficiency is assumed. In Marks and Spencer, Net Asset Turnover has increased continuously over 5 years span, 2003 being the highest among all. The net assets turnover for 2003 is 2.65 times. Since net assets has decreased from ?4807 in 1999 million to ?3038 m in 2003 shows that efficiency of assets used has increased...


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