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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 | $1,149,092 | $6,115,868 | $552,920 | |||
Average total assets | 820,780 | 1,389,970 | 552,920 |
a. Determine the asset turnover for all three companies. Round to one decimal place.
Atlantic | |
Pacific | |
Mediterranean |
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