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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
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 Mediterranean Sales $1,183,650 $5,801,302 $2,567,004 Average total assets 910,500 1,349,140 583,410 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific II Mediterranean
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