9.27 Uriah Westwood plc is an advertising agency which operates from rented offices in the West End...
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9.27 Uriah Westwood plc is an advertising agency which operates from rented offices in the West End of London. Ulverstone Thunderbird plc is a company engaged in heavy engineering. It owns all of its plant and equipment and a small factory site in the North of England. Both companies have recently reported revenue in the region of £10 million. The non-current asset turnover ratio for one of the companies is 1.14 and for the other is 10.62.
From the brief descriptions given, which of the two companies is more likely to have the higher non-current asset turnover ratio?
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