Business, 05.05.2020 23:26 jazmaine1217

Asset Turnover Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation logistics services, such as C. H. Robinson Worldwide, Inc. Recent financial statement information for these three companies is shown as follows (in thousands of dollars): YRC Worldwide Union Pacific C. H. Robinson Worldwide Inc. Sales $4,334,640 $16,965,000 $9,274,305 Average total assets 2,812,504 42,636,000 1,914,974 a. Determine the asset turnover for all three companies. Round to one decimal place. YRC Worldwide Union Pacific C. H. Robinson Worldwide b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the efficient a firm is in using assets

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Asset Turnover Three major segments of the transportation industry are motor carriers, such as YRC W...

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