Southwest Airlines (LUV) operates passenger services throughout the United States. The following data (in millions) were adapted

Question:

Southwest Airlines (LUV) operates passenger services throughout the United States. The following data (in millions) were adapted from a recent financial statement of Southwest.
Sales (revenue) ..................................................... $ 18,605
Average property, plant and equipment .......................... 13,841
Average .............................................. 970
1. Compute the Round to two decimal places.
2. Compare the results from part (1) with the calculated for United in MBA 7-5 and Delta's of 1.11.
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Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.