Asset turnover Three major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacific; and transportation arrangement services, such as Mediterranean. Recent financial statement information for these three companies is shown as follows (in thousands of dollars): Atlantic Pacific Sales $1,745,340 $2,591,125 $697,110 Average total assets 1,363,750 464,740 > a. Determine the asset turnover for all three companies. Round to one decimal place. Mediterranean 872,670 Atlantic Pacific Mediterranean 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. Consider the differences among the three companies. Learning Objective 5