Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Asset Turnover Three major segments of the transportation industry are motor carriers such as YRC Worldwide, railroads such as Union Pacific, and transportation logistics

image text in transcribed

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 follows (in thousands): Sales Average total assets YRC Union Pacific C.H. Robinson $5,092,000 1,601,300 $22,832,000 58,476,500 $16,631,172 4,331,623 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC 2.5 X Union Pacific C.H. Robinson 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 more efficient a firm is in using assets. Feedback Check My Work a. Divide sales by average total assets. b. Conside the differences among the three companies. Check My Work All work saved, Saun and Ful Previous Next>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

9th edition

9781285401072, 1111971722, 1285401077, 978-1111971724

More Books

Students also viewed these Accounting questions

Question

1. What are the different employee pay methods?

Answered: 1 week ago

Question

What is an impairment test?

Answered: 1 week ago