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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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