Asset turnover Obj. 5 Three major segments of the transportation industry are motor carriers, such as YRC
Question:
Asset turnover Obj. 5 Three major segments of the transportation industry are motor carriers, such as YRC Worldwide
(YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands):
YRC Union Pacific C.H. Robinson Sales $4,697,500 $19,941,000 $13,144,413 Average total assets 1,824,700 55,159,000 3,436,058
a. Determine the asset turnover for all three companies. Round to one decimal place.
b. Assume that the asset turnover for each company represents their respective industry segment. Interpret the differences in the asset turnover in terms of the operating characteristics of each of the respective segments.
AppendixLO1
Step by Step Answer:
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones