The following information relates to Questions $12-15$

The data in Exhibit $1$ appear in the five$-$year summary of a major international company. A business combination with another major manufacturer took place in FY$13.$

EXHIBIT $1$

$\backslash$table$[[,$FY$10,$FY$11,$FY$12,$FY$13,$FY$14],[$Financial statements,GBP m$,$GBP m$,$GBP m$,$GBP m$,$GBP m$],[$Income statements,,,,,$],[\backslash$table$[[$Revenue$]],4,390,3,624,3,717,8,167,11,366],[$Profit before interest and,,,,,$],[$taxation $($EBIT$),844,700,704,933,1,579],[$Net interest payable,$-80,-54,-98,-163,-188],[$Taxation$,-186,-195,-208,-349,-579],[$Minorities$,-94,-99,-105,-125,-167],[$Profit for the year,$484,352,293,296,645],[$Balance sheets,,,,,$],[$Fixed assets,$3,510,3,667,4,758,10,431,11,483],[$Current asset investments,,,,,,$],[$cash at bank and in hand,$316,218,290,561,682],[$Other current assets,$558,514,643,1,258,1,634],[$Total assets,$4,384,4,399,5,691,12,250,13,799],[$Interest$-$bearing debt $($long$,,,,,],[$term$),-602,-1,053,-1,535,-3,523,-3,707],[$Other creditors and,,,,,$],[$provisions $($current$),-1,223,-1,054,-1,102,-2,377,-3,108],[$Total liabilities,$-1,825,-2,107,-2,637,-5,900,-6,815],[$Net assets,$2,559,2,292,3,054,6,350,6,984],[$Shareholders$\text{'}$ funds,$2,161,2,006,2,309,5,572,6,165],[$Equity minority interests,$398,286,745,778,819],[$Capital employed,$2,559,2,292,3,054,6,350,6,984],[$Cash flow,,,,,$],[$Working capital,,,,,$],[$movements$,-53,5,71,85,107],[$Net cash inflow from,,,,,$],[$operating activities,$864,859,975,1,568,2,292],[,,,,,]]$

The company's total assets at year$-$end FY$9$ were GBP $3,500$ million. Which of the following choices best describes reasonable conclusions an analyst might make about the company's efficiency?

A$.$ Comparing FY$14$ with FY$10,$ the company's efficiency improved, as indicated by a total asset turnover ratio of $0\mathrm{.}86$ compared with $0\mathrm{.}64.$

$280$ International Financial Statement Analysis

B$.$ Comparing FY$14$ with FY$10,$ the company's efficiency deteriorated, as indicated by its current ratio.

C$.$ Comparing FY$14$ with FY$10,$ the company's efficiency deteriorated due to asset growth faster than turnover revenue growth.